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Russian court orders nationalization of former president Poroshenko’s Roshen chocolate factory

In Europe
February 19, 2024

A court in Russia’s Lipetsk Oblast ordered a confectionary factory owned by former Ukrainian President Petro Poroshenko and previously used by his company Roshen, to be nationalized on Feb. 19.

Following the beginning of Russian aggression against Ukraine in 2014, the factory’s property was seized and Russia’s Investigative Committee began an investigation into its alleged fraudulent activities. Roshen ceased operations at the Lipetsk plant in 2017.

The court ordered the remaining shares of the factory to be nationalized, and also banned Poroshenko, his son Oleksii Poroshenko, and the former owner of the factory, Oleh Kazakov, from operating in Russia.

The decision may still be appealed.

Poroshenko founded Roshen in the 1990s. It has since become one of the largest producers of confectionaries in the world.

According to the corporate website, Roshen has six factories in Ukraine, as well as one in Lithuania and another in Hungary.

Read also: Reuters: Oreos manufacturer Mondelez overhauls Russian operations amid boycott, protests

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