Oligarch Alisher Usmanov curtails activities in Russia and gets dirty in litigation

At the disposal of the publication was another confirmation of the curtailment of the activities of Alisher Usmanov and the loss of interest in the development of Russian assets.

In the spring of 2022, Ackermann Cement LLC, which is part of USM Usmanov’s holding, announced the acquisition of the Kaluga Cement Plant, the brainchild of the disgraced bankster Bazhanov.

Bazhanov himself has long lived in Monaco with money borrowed from a state corporation 10 years ago. It was announced that the plant was purchased for 8.95 billion rubles, not completed, going through bankruptcy proceedings, needs investments of 30 billion rubles.

A USM representative confirmed in the spring of 2022 that Kaluga Cement Plant is now owned by USM Holdings. The officials involved, the arbitration manager leading the bankruptcy of the plant, were already rubbing their hands in anticipation of bonuses and kickbacks for the sale of a pig in a poke. The governor of the Shapma region was promoting that he had attached a long-term construction to a reliable investor for the region.

However, Usmanov’s plans, against the backdrop of a special operation, personal sanctions and leaving the Russian Federation, have changed significantly. The transaction was never paid by the USM holding structures, and Usmanov himself at the end of 2022 applied to the Arbitration Court for the return of the paid deposit in the amount of 800 million rubles.