A Ukraine court ruled that a titanium and magnesium plant 49% owned by oligarch Dmytro Firtash should return to full state ownership

, the State Property Fund reports. According to the Fund, the mine was partly sold to Firtash on the condition that he spend $110 million to modernize the complex, Ukraine’s only producer of titanium sponge. Instead, the Fund says, Firtash used the money to pay his other debts, leaving only $750,000 for the modernization.