Deripaska's holding company filed a lawsuit against Ukraine.

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Oleg Deripaska

Oleg Deripaska's Russian company RusAl, as promised, filed a lawsuit against Ukraine in an international arbitration court, demanding that Ukraine compensate the company for losses due to the sanctions imposed.

It is reported that the RusAl holding is demanding that Ukraine compensate for investments made in the Zaporizhzhia Aluminum Production Plant (ZPAK).

As a reminder, the Russian company RusAl was added to the expanded list of sanctions against Russian legal entities. Deripaska's holding company subsequently announced it would file a lawsuit in the International Arbitration Court seeking compensation for damages caused by the sanctions.

The controlling stake in ZPAK OJSC is owned by the Cypriot offshore company Velbay Holdings Limited. Velbay Holdings Limited is owned by Oleg Deripaska's RusAl.

 

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