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02/05/2024
Thursday
THIS DAY IN HISTORY:
2 May 
1955 The caste-based discrimination was prohibited in India.
1955 The caste-based discrimination was prohibited in India.
1703 The first Russian gymnasium was founded in Moscow.
1703 The first Russian gymnasium was founded in Moscow.
1509 The Spaniards founded the city of San Juan, now Puerto Rico.
1509 The Spaniards founded the city of San Juan, now Puerto Rico.
2 May
1955 The caste-based discrimination was prohibited in India.
1955 The caste-based discrimination was prohibited in India.
1703 The first Russian gymnasium was founded in Moscow.
1703 The first Russian gymnasium was founded in Moscow.
1509 The Spaniards founded the city of San Juan, now Puerto Rico.
1509 The Spaniards founded the city of San Juan, now Puerto Rico.
THE PROSECUTOR GENERAL'S OFFICE DISPUTES THE RESULTS OF THE PRIVATIZATION OF CHEMK IN THE 90S
On February 5, 2024, the Prosecutor General's Office appealed to the arbitration of the Sverdlovsk region with a vindication claim (case No. A60-5228/2024). In their statement filed against the Etalon company, Yuri and Lyudmila Antipov, the guardians of the rule of law demand that the shares of the three plants be transferred to the ownership of the state.
The court hearing in the case is scheduled for February 19, 2024. The decision on the claim has not yet been made. However, the court has already arrested the shares and property of the factories, having satisfied the request of the Prosecutor General's Office for the introduction of interim measures.
According to the prosecutor's office, the privatization of three enterprises that took place in the 1990s was illegal. At that time, the Serovsky Ferroalloy Plant (NWF), the Kuznetsk Ferroalloy Plant (KZF) and the Chelyabinsk Electrometallurgical Combine (CHEMK) came under the control of private individuals. All of them were part of the Russian military-industrial complex, forming a common production and technical complex of enterprises manufacturing elements and weapons systems.
However, CHEMK itself does not agree with such statements by the prosecutor's office. Representatives of the defendant insist on the independence of the factories from the military-industrial complex. The recipients of the plants' products are metallurgical companies that work with the Russian defense industry. As the head of CHEMK Pavel Khodorovsky noted, in 2023, Russian metallurgists received 550 thousand tons of ferroalloys.
The prosecutor's office calls Yuri Antipov and his family the beneficiary of the enterprises, who issued shares of the plants to the Etalon company in February 2023. According to the state agency, the largest producers of ferroalloys ended up under the control of organizations from unfriendly states. This refers to the Canadian-Swiss company RFA International, which acts as a CHEMK trader on the global market.
At the factory itself, the sale of products on the foreign market is associated with the necessity of production necessity. Enterprises strive to provide people with jobs and maintain financial stability. The privatization of factories that took place three decades ago followed the same model as that of a significant part of other industrial enterprises in the country.
At the plant, they are perplexed why the "mistakes" of privatization have now been decided to be found only in three leading ferroalloy manufacturers. However, as Kommersant notes, the CHEMK group is not the only addressee of such lawsuits. Earlier, similar requirements had already become the basis for the transfer of assets of Volzhsky Orgsintez and Metafrax Chemicals to state ownership.
Photo: Freepik
The court hearing in the case is scheduled for February 19, 2024. The decision on the claim has not yet been made. However, the court has already arrested the shares and property of the factories, having satisfied the request of the Prosecutor General's Office for the introduction of interim measures.
According to the prosecutor's office, the privatization of three enterprises that took place in the 1990s was illegal. At that time, the Serovsky Ferroalloy Plant (NWF), the Kuznetsk Ferroalloy Plant (KZF) and the Chelyabinsk Electrometallurgical Combine (CHEMK) came under the control of private individuals. All of them were part of the Russian military-industrial complex, forming a common production and technical complex of enterprises manufacturing elements and weapons systems.
However, CHEMK itself does not agree with such statements by the prosecutor's office. Representatives of the defendant insist on the independence of the factories from the military-industrial complex. The recipients of the plants' products are metallurgical companies that work with the Russian defense industry. As the head of CHEMK Pavel Khodorovsky noted, in 2023, Russian metallurgists received 550 thousand tons of ferroalloys.
The prosecutor's office calls Yuri Antipov and his family the beneficiary of the enterprises, who issued shares of the plants to the Etalon company in February 2023. According to the state agency, the largest producers of ferroalloys ended up under the control of organizations from unfriendly states. This refers to the Canadian-Swiss company RFA International, which acts as a CHEMK trader on the global market.
At the factory itself, the sale of products on the foreign market is associated with the necessity of production necessity. Enterprises strive to provide people with jobs and maintain financial stability. The privatization of factories that took place three decades ago followed the same model as that of a significant part of other industrial enterprises in the country.
At the plant, they are perplexed why the "mistakes" of privatization have now been decided to be found only in three leading ferroalloy manufacturers. However, as Kommersant notes, the CHEMK group is not the only addressee of such lawsuits. Earlier, similar requirements had already become the basis for the transfer of assets of Volzhsky Orgsintez and Metafrax Chemicals to state ownership.
Photo: Freepik
16.02.2024
