Ferrexpo, the London-listed iron ore producer with significant operations in Ukraine, reported a 26% year-on-year decline in pellet production during the first quarter, attributing the drop to the suspension of value-added tax (VAT) refunds by Ukrainian authorities.
Ukraine's State Bureau of Investigation and Justice Ministry are preparing to nationalize Poltava Mining, a subsidiary of London-listed Ferrexpo, which is majority owned by oligarch Konstantin Zhevago, the SBI announced on Feb. 20.
"Each of these five individuals is being held criminally liable for committing serious and especially serious crimes," the Prosecutor General's Office said in a post on Telegram.
The sanctions freeze all assets held by the targeted individuals in Ukraine and block them from conducting financial transactions, among other restrictions.
The High Council of Justice suspended on April 4 Vsevolod Kniaziev, former chairman of the Supreme Court and a suspect in a bribery case, from administering justice until the court verdict comes into force or the criminal proceedings are closed.
The State Investigation Bureau searched the house of Andriy Kobolyev, former head of the state-owned oil and gas monopolist Naftogaz, on Feb. 1. According to the Bureau, the searches were part of a case set to investigate the legality of an agreement signed by Kobolyev in 2020 to transfer 305
(Updated: )
