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(Bloomberg) — Russian prosecutors filed a lawsuit in opposition to sanctioned billionaire Andrey Melnichenko, as President Vladimir Putin will increase strain on rich Russians to repatriate their belongings from overseas.
The declare in opposition to Melnichenko, founding father of Russia’s greatest steam coal miner Suek JSK and fertilizer maker EuroChem Group AG, was filed on Aug. 17 within the Siberian metropolis of Krasnoyarsk. It targets Melnichenko, Suek and two different firms, based on the submitting on the courtroom’s web site, which didn’t present additional particulars.
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Following Putin’s invasion of Ukraine and sanctions which have hit the economic system, the Russian president has slammed industrialists and different wealthy Russians who preserve wealth overseas and known as for them to repatriate belongings.
Final week Putin requested the federal government and foyer teams to speed up the switch of companies to Russian jurisdiction. Whereas Suek relies in Russia, EuroChem, which isn’t concerned within the case, is registered in Switzerland whereas holding main belongings in Russia.
The case pertains to vitality belongings that firms linked to him bought in 2018 from companies linked to former authorities minister Mikhail Abyzov, who was arrested and charged in 2019 in an alleged embezzlement case, the RBC newswire reported.
Melnichenko acquired the declare, his spokesperson stated. A listening to is scheduled for Sept. 7, based on courtroom’s web site.
Price an estimated $13 billion based on the Bloomberg Billionaires Index, Melnichenko now resides within the United Arab Emirates after residing for a few years in Europe.
He was sanctioned by the European Union and the US following Russia’s assault on Ukraine. He then withdrew as a beneficiary of a belief that controls stakes within the firms he based. That left his spouse — Serbian singer Sandra Nikolic, an EU citizen – because the beneficiary, however she was later sanctioned too.
In keeping with Putin, Russian businessmen who’ve moved their belongings and households overseas should understand that they are going to stay “second-class strangers” regardless of having aquired the titles of “earls, friends and mayors,” he advised lawmakers in February.
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