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Kyiv’s upscale shopping center seized from Russian tycoon, now owned by Ukrainian state

Kyiv’s upscale shopping center seized from Russian tycoon, now owned by Ukrainian state

The decision of Ukraine’s High Anti-Corruption Court came into force on 11 April 2023, Economic Pravda reports.

According to the ruling, two-thirds of the Ocean Plaza Mall’s capital will become state property. This is the share in the Ocean Plaza, which belonged to Russian oligarch Arkady Rotenberg. Rotenberg is the co-owner of the Russian Stroygazmontazh company constructing pipelines. His shares of the Ocean Plaza were registered through the offshore Cypriot Ocean Plaza Project (Cyprus) Ethoder Investments Limited.

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