Dmitry Firtash sold titanium business in Crimea to Russians

The businessman’s company said that they had no control over the assets of the enterprise, therefore they sold it. The amount of the deal was not disclosed.

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Ukrainian oligarch Dmitry Firtash sold the Crimean titanium plant to a Russian company. PrJSC Ukrainian Chemical Products (formerly “Crimean Titan”) completed negotiations on the sale and entered into a deal, selling all its assets in Crimea to the company “Russian Titan” (RF), informs the press service of the DF Group on its Facebook page.

“Due to political circumstances, this asset has lost its economic attractiveness. Having no control over this asset since 2016, the Group was looking for an opportunity to sell it,” the statement says.

As part of the sale agreement, all movable and immovable property of the largest titanium dioxide producer becomes the property of Russian businessmen. The transaction took place in accordance with the current legislation of Ukraine and all data was entered into the relevant registers by the state registrars of Ukraine.

“Crimean Titan” is under sanctions US and EU since 2015, and is notable for the fact that registered simultaneously in Ukraine and Russia. On the one hand, in October 2014, the property of the Crimean Titanium was transferred to a long-term lease to the Russian LLC Titanium Investments. On the other hand, the Ukrainian PJSC “Crimean Titan” in April 2014 was re-registered from Armyansk to Kiev; in March 2015, Group DF renamed it to UCP. The group declined to comment on the Crimean assets.

Since the introduction of Western sanctions after the annexation of Crimea, the plant still managed to maintain production by transporting raw materials bypassing the prohibitions. Ore imported to the peninsula of a vessel flying the Syrian or Russian flags, RFE / RL reports. In June 2021 by decision NSDC imposed personal sanctions against Firtash… The reason for this, according to the secretary of the department, Alexei Danilov, was the supply of raw materials for the Russian military industry. The entrepreneur’s lawyers then statedthat their client “categorically denies the NSDC charges.”

In addition, the YE Energiya company, which is associated with Dmitry Firtash, entered into a problematic contract with the Naftogaz Ukraine Group of Companies. As a result of this contract the state company could lose 110 billion hryvniahowever, this was avoided by terminating the contract.

Previously Focus reported that the head of the Servant of the People faction David Arahamia flew to Vienna twice on Firtash’s plane… Journalists of “Ukrainska Pravda” found out that the cost of each trip to the Austrian capital was $ 24,000, and all flights were paid by the wife of the head of the monoboly.

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