` Russia’s UniConf has Filed Lawsuit against ` Ukrainian Sweet Manufacturer Claiming $70 million in Compensation ‘

#AceFinanceNews- UKRAINE – March 25 – Prosecutors have accused Ukrainian confectioner Roshen of producing counterfeit products, and it has suspended production at its Lipetsk factory in south-west Russia. Imports of Roshen chocolate were banned by Russia last summer.

Russia’s Uniconf has filed a lawsuit against the Ukrainian sweet manufacturer claiming $70 million in compensation.

On March 14, 2014 the Tverskoi Court in Moscow seized the accounts of Roshen enterprises in Russia, after the Russian law enforcement agencies carried out an inspection of the Lipetsk confectionery plant.

“If we continued working we’ll have to take commodity credits and have debts to pay to suppliers. No one will lend us money in the present situation,” as Interfax quotes CEO of Roshen, Viacheslav Moskalevsky.

In July 2013 Rospotrebnadzor, the Federal Service for Supervision of Consumer Rights Protection and Human Well-Being, banned the import of the Ukrainian confectionery.

As Russia is the main market for Roshen sales fell by 6 thousand tons a month. This forced the company to close its factory in Mariupol, Ukraine.

A month later in August 2013, Belarus decided to join Russia and ban the transit of confectionary, causing an approximate $200 million loss in revenue.

During the last 6 months Roshen has been only selling in Russia production from the Lipetsk factory, amounting to 10 thousand tons a month.

Now the confectioner plans to dispute the Tverskoi Court of Moscow decision.

“We plan to file a counter-claim against the ruling. Now all our efforts are aimed at overturning the court ruling or at least reducing the blocked sum so that the enterprise is able to function. A total of around 1.7 billion rubles has been seized,” Moskalevsky said.

Roshen is one of the largest producers of confectionery in Ukraine. The company makes up to 200 different types of confectionery: chocolate and jelly candies, caramel, cookies, wafers, swiss rolls and pies.

Total production is about 450,000 tons a year.

Ukrainian News


#belarus, #interfax, #lipetsk, #moscow, #roshen, #russia, #tverskoi-court, #ukraine, #ukrainian

#AceFinanceNews MOSCOW March 21 Interfax The Rosatom state…

#AceFinanceNews – MOSCOW. March 21 (Interfax) – The Rosatom state corporation’s foreign portfolio of orders over a 10-year horizon will top $100 billion by year-end, Rosatom chief Sergei Kirienko said on Friday at an academic and research conference.

Kirienko already has contracts on 22 nuclear power blocks and is currently negotiating on 29 more.

Rosatom’s strategy to 2030 calls for investing $350 billion, the bulk of it to finance construction of nuclear power plants.


“We have set the goal of raising the portfolio of foreign orders for 10 years to over $100 billion by year-end,” Kirienko said.

#afn2014, #interfax, #moscow, #rosatom

` Businessman ` Sergei Polonsky ' on `International Wanted ' list suspected of `Stealing ' 150 Million Rouble's from Investor's '

#AceFinanceNews – Moscow – March 20 – Russian businessman Sergei Polonsky, who is currently in Cambodia, is suspected of stealing more than 150 million roubles from housing construction investors as part of a new criminal investigation opened against him, an Interior Ministry spokesman told Interfax.

“In February 2014, the Investigative Department of the Russian Interior Ministry opened a criminal inquiry into the misappropriation of funds worth over 150 million roubles from investors in the Rublyovskaya Riviera residential complex,” he said.

“The investigation has established that in 2008 Sergei Polonsky misappropriated the aforementioned funds through the Mirax Build company, a member of the Mirax Group Corporation, under his control,” the spokesman said.

Polonsky, who is already on the international most wanted list, is also suspected of misappropriating shareholders’ money during the construction of the Kutuzovskaya Milya residential complex, he said.

Polonsky was imprisoned in Cambodia from December 31, 2012, until April 3, 2013, on the counts of violence against local sailors.

He was facing up to three years in prison but the defence team came to an agreement with the sailors, who did not press charges and received compensation from Polonsky.

The businessman was released with travel restrictions but his case was not closed.


#interfax, #moscow, #riviera, #russia, #russian, #sergei-plonsky