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Ukraine court returns Europe’s only titanium sponge plant to state.

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On May 23, the Civil Court of Cassation upheld a lower court’s ruling on Zaporizhia Titanium and Magnesium Plant, the Specialized Anti-Corruption Prosecutor's Office reported. Fugitive oligarch Dmytro Firtash owned 49% of the shares, but de facto controlled the plant.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Seaborne crude flows averaged 3.12 million barrels a day over the four weeks to July 6, a 3% decline from the previous period ending June 29, according to tanker-tracking data compiled by Bloomberg. That's the lowest level recorded since the four-week period ending Feb. 23.

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