Following an investigation by the Security Service of Ukraine, the High Anti-Corruption Court upheld the claim of the Ministry of Justice to recover products and raw materials owned by the sanctioned russian oligarch Oleg Deripaska.

The assets are over 550,000 tons of bauxite and alumina produced in Ukraine before the start of the full-scale war. Since then, they have been stored in the warehouses of the Mykolaiv Alumina Plant, which was previously owned by Deripaska.

The total value of the nationalized assets is over UAH 2 billion (USD 49 mln).

These products were used at the oligarch’s russian plants to smelt aluminium, which is used to make components for ballistic missiles, combat drones and radar systems.

Deripaska is a member of putin’s inner circle and is one of the main ‘sponsors’ of russia’s war against Ukraine.

The nationalized bauxite and alumina belonged to him through a controlled company registered in one of the EU states.

This commercial entity was the formal customer ordering the Mykolaiv plant’s products for further re-export to russian enterprises.

In early 2023, Ukrainian law enforcement uncovered the fraud and blocked the shipment of the raw materials.

The SSU notified the oligarch of suspicion in absentia under several Articles of the Criminal Code of Ukraine, including financing russia’s armed aggression. The SSU’s pre-trial investigation of Deripaska has been completed, and the indictment was sent to court in January 2025.

The investigation was carried out under the procedural supervision of the Prosecutor General’s Office.