Ukraine moves against Rusal parent group of Aughinish plant

More than 300 assets linked to Russian billionaire Oleg Deripaska and Rusal have been transferred to the state, Ukraine’s Justice Ministry said

The Aughinish Alumina refinery on the Shannon Estuary near Foynes, Co Limerick, is operated by Rusal.

Ukraine is confiscating a key alumina plant linked to Rusal International and other assets it says are owned by Russian billionaire Oleg Deripaska, under sanctions the government imposed after Russia’s invasion last year. 

More than 300 assets linked to Mr Deripaska and Rusal have been transferred to the state, Ukraine’s Justice Ministry said in a website statement, citing a decision by the top anti-corruption court on February 16. Rusal is controlled by Russia-registered En+ Group, in which Mr Deripaska still holds a stake of about 45%.