High Anti-Corruption Court Seizes ₴2.4B in Assets from Russian Oligarch Deripaska

The High Anti-Corruption Court has ruled to confiscate bauxite and alumina belonging to Russian oligarch Oleg Deripaska, totaling over UAH 2.4 billion. These assets were located at the Mykolaiv Alumina Plant.

According to the Ministry of Justice, more than 440 thousand tons of bauxite and 110 thousand tons of alumina were recovered for the state. These assets belonged to the Swiss company RS International GmbH, a subsidiary of Oleg Deripaska's Russian company Rusal, which is controlled by persons subject to international sanctions.

The court also enforced the company's claim under the raw materials supply agreement, which allowed the import of bauxite to Ukraine.

Thanks to the coordinated work of law enforcement agencies, these assets were identified.

Deripaska's company, Rusal, supplied aluminum products to Russian companies that produced military equipment, weapons and ammunition for the Russian army.

The HACC also found that Deripaska owns a large industrial conglomerate, Russian Machines, which is a major supplier of weapons to the Russian military, including armored personnel carriers and combat vehicles.

At the end of January 2025, the SBU blocked the supply of strategic raw materials to the Russian military industry, and the court seized more than UAH 2 billion of assets belonging to Oleg Deripaska. It was established that these products were intended for Russian Rusal plants that manufacture components for Iskander ballistic missiles, combat drones and radar systems.

The supervisory authorities are analyzing information on the company's bank accounts, including closed accounts, fund balances, financial transactions, and counterparty identification.

In June 2023, the High Anti-Corruption Court finally confiscated the plant owned by Deripaska. Thanks to the SBU and the State Bureau of Investigation, Ukraine nationalized the sanctioned businessman's enterprises worth UAH 10 billion. In March 2024, Mykolaiv Alumina Plant became the property of the State Property Fund of Ukraine, and it is now managed by four companies.

This plant is the largest in the country and one of the key non-ferrous metallurgical enterprises in Europe. In connection with its operation, it is planned to build a new storage facility for waste from bauxite processing and alumina production - red sludge - near Mykolaiv.

Ірина Глухова