Copyright © 2024

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Ukraine is nationalizing six enterprises that are part of Russia’s defense industry

Ukraine initiates the nationalization of six enterprises within Russia’s defense sector, seeking to seize assets owned by a Russian corporation co-managing the companies.
Entrance to the Prosecutor General’s Office. Photo: GPU
Ukraine is nationalizing six enterprises that are part of Russia’s defense industry

The Prosecutor General’s Office says Ukraine has filed a lawsuit to nationalize six enterprises of the “Polyplastik Group” corporation, which is co-owned by Russian individuals who supply polymers to Russian military-industrial companies.

The Ministry of Justice of Ukraine has filed a lawsuit with the Higher Anti-Corruption Court to apply sanctions against the Russian corporation’s co-owners and confiscate assets. This includes six Ukrainian enterprises, including two pipe factories.

The Prosecutor General’s Office stated that the Russian corporation is a large industrial conglomerate specializing in the production of high-tech polymer pipes and composite polymer materials with a wide range of applications.

“The owners of this corporation support the aggressive policy of the aggressor state. They provide material and technical support to the occupation administrations in Crimea and participate in the development of composite materials to improve the design of small arms supplied to the Russian Defense Ministry. They also supply polymers to enterprises of the Russian military-industrial complex,” the Prosecutor General’s Office emphasized.

Currently, Security Service investigators are conducting a pre-trial investigation into whether those companies financed actions aimed at forcibly changing Ukraine’s constitutional order.

Earlier, the Higher Anti-Corruption Court voted in favor of the Ministry of Justice’s lawsuit for the transfer of assets of the sanctioned Russian corporation “Rostec” to Ukraine’s revenue. It involves two passenger aircraft of the AN148-100E type worth 10 million euros, as per Ukraine’s Security Service.

The investigation found that the aircraft were on the balance of an offshore company within the structure of “Rostec” through the Russian-controlled JSC “Ilyushin Finance Co.” According to available data, the Russian corporation is the largest producer of armaments for the Russian forces fighting against Ukraine.

Read more: 

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here

    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!