Published 06:03 IST, May 26th 2022

Ukraine's richest man Rinat Akhmetov to sue Russia for destruction of his assets amid war

Ukraine's richest man Rinat Akhmetov is looking to sue Russia for destroying his assets, demanding "appropriate reimbursement for all costs and lost revenue."

Reported by: Rohit Ranjan
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Image: @Rinat Akhmetov/Facebook | Image: self
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As inving Russian forces destroyed majority of ir neighbour Ukraine's assets during course of ongoing war, civilians of war-ravd former Soviet state have been suffering from a lack of resources. w, Ukraine's richest man Rinat Akhmetov is looking to sue Kremlin over destruction of his assets. In an interview with NV, a local news platform, Ukraine's richest man stated that he is planning to file a lawsuit against Russia for destroying his assets, demanding "appropriate reimbursement for all costs and lost revenue."

pre-war valuation of industrial assets possessed by Rinat Akhmetov, which were damd by Russia during its invasion, surpasses $20 billion. Akhmetov said that assets such as Azovstal steel plant, Illich Steel and Iron Works, Avdiivka Coke Plant, Luhansk rmal Power Plant and dozens of or industrial infrastructure and green energy facilities were partially or completely demolished since onset of invasion. He furr ded that pre-war market capitalisation of two Mariupol enterprises - Azovstal, and Illich Steel and Iron Works was around $10 billion. Akhmetov also ted that re was $1 billion worth of raw materials that has been destroyed by Russia. It is pertinent to mention here that  Azovstal steel pant in Mariupol has been a key target of  Russian military operation.

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Akhmetov furr said that he will unquestionably file a complaint against Russian Federation, seeking compensation for all losses incurred as a result of military offensive. Speaking about besieged city of Mariupol, he claimed that Mariupol was and will always be a Ukrainian city and that only under Ukrainian sovereignty can Mariupol be restored. His Metinvest company, which is Ukraine's largest steelmaker, has anunced it will be unable to fulfil its supply contracts for time being. However, he has also stated that his company will never work under Russian occupation, according to media reports.

Akhmetov is considering selling his unfinished superyacht

In meantime, it was anunced that Akhmetov is mulling selling his unfinished superyacht. Right w, he is awaiting delivery of a 475-foot yacht code-named Luminance, which is being built by premium shipbuilder Lürssen in Germany, according to New York Times. Jock Mendoza-Wilson, director of foreign affairs for Akhmetov's company System Capital Manment said that given current conditions, y are examining yacht's prospective sale.

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Im: @Rinat Akhmetov/Facebook

06:03 IST, May 26th 2022