By KYIV. Nov 7 (Interfax-Ukraine) – Cyprus International Distribution Systems Limited, owner of the largest Ukrainian producer of mineral waters IDS Ukraine, has become subject to Ukrainian sanctions: blocking assets, preventing the withdrawal of capital abroad and a ban on increasing the charter capital of related Ukrainian companies.
Decree No. 739 of Ukrainian President Volodymyr Zelenskyy dated November 7 on the introduction of sanctions adopted on the same day by the National Security and Defense Council was published on the website of the head of state.
It imposed similar sanctions on eight more companies: four – Sogeral Foundation, Haberfield Limited, Slavisilla Holdings Limited and Dendar Investment Fund Limited (all Cyprus) – for a period of 10 years, while IDS Limited and four others – for a period of two of the year.
Among the latter are also Alfa Finance Holdings Limited, Erasmony Limited, Rissa Investments Limited and CTF Holdings S.A.
Most of these companies are associated with Mikhail Fridman and other co-owners of the so-called Alfa Group, as evidenced, in particular, by data previously disclosed in Russia about the pattern of interaction between participants in Management Company Alfa Capital LLC, under whose control or substantial influence this management company was. This list includes Petr Aven, German Khan, Andrey Kosogov, Alexey Kuzmichev and ex-minority shareholder of Sense Bank – The Mark Foundation for Cancer Research. Fridman and his partners had previously been included in the Ukrainian sanctions list.
As reported, Ukrainian legislation adopted during the war allows, by decision of the High Anti-Corruption Court, to recover the assets of sanctioned persons as state income.
