The Arbitration Court of the Volgograd region a month after the filing by the Prosecutor General's Office of a claim for the seizure of 100% of the shares of the chemical enterprise JSC "Volzhsky Orgsintez" completed the case. Kommersant writes about this.
The court fully satisfied the claim and decided to withdraw 2344925 shares of the company for crediting them to the account of the Federal Property Management Agency.
The supervisory authority stated that "the Russian Federation, as the owner of a state-owned enterprise, did not privatize it, and did not transfer the powers to own, use and dispose of this property to the Volgograd Region." At the same time, the State Property Fund of the Volgograd Region in the period from September 1993 to 1996 "illegally distributed property belonging to the Russian Federation in the form of securities, transferring them to third parties, including residents of foreign states," Kommersant notes.
Representatives of the current owner of the enterprise, Alexander Sobolevsky, and the plant itself filed more than a dozen petitions, none of which the court granted.
The Volga enterprise has long been the largest producer of aniline in Russia. This substance is used as a raw material for the production of other chemical products, such as herbicides, but also for military purposes. In 2020, Volzhsky Orgsintez stopped producing aniline due to unprofitability. Now Russia buys this raw material from China.
Representatives of A. Sobolevsky will appeal the decision of the Volgograd arbitration court, Kommersant clarifies.
