Lawsuits on the suspension of corporate rights of foreign parent companies have been completed, during which the requirements for 8 out of 10 companies that have received the status of Economically significant organizations (EZO) from the state have been satisfied, experts state

▪️Positive decisions have been made regarding:

— AB Holding — Alfa-Bank

— LLC “YUNS-holding” — “Alfastrakhovanie”

— Corporate Center X 5 LLC — X5 Group

— LLC “City supermarket” — “Azbuka vkusa”

— JSC “Akron Group” — producer of fertilizers “Akron”

— LLC “Arshanovsky Section” — coal mining company

— MKAO Highland Gold — gold miner Highland Gold – HGM

— Megapolis Trading Company JSC — tobacco distributor

Court hearings on Nevsky Shipbuilding and Ship Repair Plant LLC and Rusagro Group JSC will be held in the first half of September

The law on EZO was adopted in Russia less than a year ago in order to restore control over large Russian companies, which were managed through foreign holding structures from unfriendly jurisdictions

Earlier, CRYSTAL OF GROWTH cited the opinion of leading American economist Paul Craig Roberts, who believes that “in the game with sanctions, the Russians hold all the cards”

@crystal_book