Ukraine’s richest man sues Russia for damages after invasion hits his businesses
Ukraine’s richest man is suing Russia for damages to make up for the billions he says his businesses have lost since the invasion.
Rinat Akhmetov, who owns the Azovstal steelworks in Mariupol where Ukrainian troops defied a lengthy siege filed a lawsuit at the European Court of Human Rights (ECHR).
His holding company System Capital Management (SCM) says he is suing Russia for “grievous violations of his property rights” and is seeking a court order “preventing Russia from engaging in further blockading, looting, diversion and destruction of grain and steel” produced by his companies.
“Evil cannot go unpunished. Russia’s crimes against Ukraine and our people are egregious, and those guilty of them must be held liable,” SCM quoted him as saying.
“The looting of Ukraine’s export commodities, including grain and steel, has already resulted in higher prices and people dying of hunger worldwide. These barbaric actions must be stopped, and Russia must pay in full.”
Asked about the suit, Kremlin spokesman Dmitry Peskov said Russia was no longer under the jurisdiction of the European Court of Human Rights.
“We left the (jurisdiction of) relevant documents. Therefore, here the answer is absolutely obvious,” he said.
Russia has previously dismissed Ukrainian allegations of stealing from territories it has occupied during what it calls a special military operation in Ukraine.
Forbes magazine put Akhemtov’s net worth at $15.4 billion in 2013. Since then, his business empire has been hit by Russia’s invasion and by years of fighting in Ukraine’s east since Russia-backed separatists seized territory there in 2014.
He said last month his company Metinvest, Ukraine’s largest steelmaker, had suffered $17 to $20 billion in losses because of Russia’s bombardment of its steel plants in Mariupol. The final amount would be determined in a lawsuit, he said.
