A Moscow court has ruled to nationalize Domodedovo International Airport over claims that the facility had actually come under foreign control, the Kommersant service newspaperreported Tuesday.The Russian Prosecutor Generals Officefiled a claim versus Domodedovo and its co-owners after reviewing the airports privatization documents, the publication reported earlier this year.In February, a courtgranted Russias civil aviation authority Rosaviatsia short-lived control of crucial services at Domodedovo, efficiently marking a state seizure of the countrys third-busiest airport.Moscows Court of Arbitration on Tuesday purchased the ownership of DME Holding, a corporation of 25 companies valued at more than 1 trillion rubles ($12.7 billion), to be transferred to the Russian state.Russian-born Dmitry Kamenshchik, who isreported to hold Turkish and UAE passports, and Valery Kogan, a Moscow-born Israeli person, were determined as DME Holdings ultimate helpful owners.Kamenshchik and Kogan wereaccused of transferring 18 billion rubles ($228 million) of Domodedovos profits abroad in between 2021 and 2023, according to media reports.
Russian law prohibits foreign involvement in strategic markets without previous government approval.Kommersant stated the court judgment underwent immediate execution without suggesting whether it could be appealed.Domodedovos press service has actually not yet talked about the news.The airport has actually faced duplicated investigations from Russian law enforcement authorities over the years.As of spring 2024, the Russian governmentnationalized an estimated 1 trillion rubles worth of tactical possessions given that the major invasion of Ukraine two years earlier.A Message from The Moscow Times: Dear readers, We are facing unprecedented obstacles.
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