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Straits Times
9 hours ago
- Business
- Straits Times
Moscow court rules to nationalize Domodedovo Airport
A Moscow court ruled on Tuesday to hand over the assets of the country's third-largest airport, Moscow's Domodedovo, to the Russian state at the Prosecutor General's request, court filings showed. Domodedovo's assets were owned by Russian businessman Dmitry Kamenshchik or his companies. Kamenshchik also had citizenship of Turkey and the United Arab Emirates, according to Russian media, and according to the court documents prosecutors believed the ownership structure could expose the airport, an entity of strategic importance, to the risk of foreign influence. Domodedovo did not immediately respond to requests for comment. The Domodedovo case is the latest in a series of asset seizures initiated by prosecutors. Earlier this year, the court ordered the transfer of several major companies to state ownership, including grain trader Rodnie Polya, warehouse operator Raven Russia, and oil service firm Borets. Moscow started seizing assets in Russia, both from foreign and Russian owners soon after the start of the conflict in Ukraine and had already transferred property worth 2.4 trillion roubles ($30.48 billion) to the state, Prosecutor General Igor Krasnov said in March. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Reuters
9 hours ago
- Business
- Reuters
Moscow court rules to nationalize Domodedovo Airport
June 17 (Reuters) - A Moscow court ruled on Tuesday to hand over the assets of the country's third-largest airport, Moscow's Domodedovo, to the Russian state at the Prosecutor General's request, court filings showed. Domodedovo's assets were owned by Russian businessman Dmitry Kamenshchik or his companies. Kamenshchik also had citizenship of Turkey and the United Arab Emirates, according to Russian media, and according to the court documents prosecutors believed the ownership structure could expose the airport, an entity of strategic importance, to the risk of foreign influence. Domodedovo did not immediately respond to requests for comment. The Domodedovo case is the latest in a series of asset seizures initiated by prosecutors. Earlier this year, the court ordered the transfer of several major companies to state ownership, including grain trader Rodnie Polya, warehouse operator Raven Russia, and oil service firm Borets. Moscow started seizing assets in Russia, both from foreign and Russian owners soon after the start of the conflict in Ukraine and had already transferred property worth 2.4 trillion roubles ($30.48 billion) to the state, Prosecutor General Igor Krasnov said in March. ($1 = 78.7455 roubles)
