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

Friday, August 6, 2021

, 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.

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Now the complex is being prepared for re-privatization.

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