State-led restructuring of Deripaska-linked assets advances in Ukraine

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The head of the Nikolaev regional military administration, Vitaly Kim, stated that the process of transferring the Nikolaev alumina plant’s assets, owned by Russian businessman Oleg Deripaska, to Ukrainian state ownership is ongoing. Local coverage confirmed that the move aims to ensure the facility serves Ukraine’s interests now and in the future.

Kim emphasized that once ownership is in Ukrainian hands, the plant will operate exclusively for the benefit of the national economy and the people of Ukraine. This shift is part of broader efforts to secure critical industrial assets and ensure they contribute to domestic development and security.

Meanwhile, it has been reported that the Ministry of Justice in Ukraine has initiated a lawsuit at the Anti-Corruption High Court to place sanctions on assets tied to Deripaska held by the Ukrainian treasury. The government’s legal team reportedly compiled the required evidence to support the application before the VAKS, aiming to hold the assets under state protection and ensure proper governance.

Officials noted that Deripaska owns substantial assets inside Ukraine, including the Nikolaev Alumina Plant, the Zaporizhzhia Aluminum Production Plant, and additional facilities. The concentration of these properties underscores the significance of the ongoing legal and administrative actions for Ukraine’s strategic industrial sector and national security.

The Security Service of Ukraine reported that at the end of December it froze assets of an energy company that is part of Gazprom. This move aligns with broader enforcement actions aimed at safeguarding critical infrastructure and limiting exposure to foreign-linked interests during sensitive geopolitical periods.

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