Sanctioned Assets: Mykolaiv Alumina Plant Transferred Under the Management of the State Property Fund

The nationalization of another asset of the russian oligarch Oleg Deripaska, LLC "Mykolaiv Alumina Plant", has been completed. As of today, the sole owner of the enterprise is the State Property Fund of Ukraine.

As emphasized by the Chairman of the Fund Vitaliy Koval: "Sanctioned assets should work exclusively for the development of the national economy. Each successful case is a clear confirmation of the determination and work of the State Property Fund team to bring victory closer and support the country's defense capabilities."

The Chairman of the Fund also emphasized that the successful Ukrainian implementation of sanctioned assets is a vivid example and incentive for accelerating the confiscation and sale of russian assets abroad. It is essential to sell confiscated property and direct the funds to support and rebuild Ukraine – this is fair.

For reference, the Russian oligarch Deripaska controlled the Mykolaiv Alumina Plant since the early 2000s. The enterprise is one of the largest in Europe in the field of non-ferrous metallurgy and has been non-operational since 2022.