Ukraine confiscates plant from Russian politician
Photo: Motordetal-Konotop

On Thursday, Ukraine's High Anti-Corruption Court charged an enterprise that produces dual-use machinery to the state budget under sanctions law. The company was previously owned by a Russian politician and its entire 100% stake in share capital was affected, the court's press service reported.

The decision can be appealed in the Appellate Chamber of the High Anti-Corruption Court within five days from the day of its announcement.

There is no name of the sanctioned person in the message, but on Thursday, according to the court schedule, consideration of the lawsuit against the Russian senator Sergey Kalashnik was scheduled.

Ukraine confiscates plant from Russian politician

According to the lawsuit, 100% of the authorized capital of Motordetal-Konotop LLC is subject to collection in state revenue.

According to the Ukrainian registry, the founder of the enterprise is the Cypriot company Lepedan Investments Limited, and the final beneficiary is the Georgian citizen Avigdor Yardeni. The Ministry of Justice had to prove that the plant actually belongs to Kalashnik.

Sergey Kalashnik is a member of the Federation Council (upper house of the parliament) of Russia. He is under the sanctions of most Western countries, while the National Security and Defense Council of Ukraine imposed sanctions against him in September 2022.

Motordetal-Konotop specializes in the production and supply of cylinder liners for internal combustion engines. The enterprise is able to manufacture more than 1,500 types of sleeves for any automotive equipment, ships, and locomotives. It has its own iron and foundry, two machining shops and auxiliary shops.

According to the company's website, it employs more than 800 employees, and exports to 35 countries around the world.