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The owner of Azovstal filed a lawsuit against Russia in the ECtHR

June 27, 2022
in Daily News
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The founder and shareholder of the System Capital Management (SCM) group, Rinat Akhmetov, has filed a lawsuit against Russia with the European Court of Human Rights. He is demanding compensation for gross violations of his property rights in Mariupol during the war.

“As the owner of Azovstal and many other industrial enterprises that have become the target of the Russian armed forces invading Ukraine, Mr. Akhmetov is doing everything possible to hold Russia accountable for the destruction that it sows on the territory of Ukraine,” the press release said. SCM services.

The lawsuit also calls for urgent measures to be taken to prevent blockades, looting, diversion and destruction by Russia of grain and steel produced by SCM enterprises. The exact amount of compensation has not yet been determined, but we are talking about billions of dollars, according to SCM.

“This lawsuit is one of the first international legal actions against Russia, the purpose of which is to stop the criminal activities of the Russian aggressor, the destruction of the Ukrainian economy and the theft of Ukrainian assets,” Akhmetov himself said.

Rinat Akhmetov has been suing Russia for a long time to no avail because of the seized assets. In Crimea, two residences on the South Coast were nationalized from a Ukrainian oligarch, later Gazprom bought them from the Crimean authorities at a starting price of 2 billion rubles, Novaya Gazeta wrote . Akhmetov's holding System Capital Management claims that the nationalization of property was carried out illegally. According to SCM, no compensation was paid for the capture.

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