The Arbitration Court of the Moscow region satisfied the demand of the Ministry of Finance on the suspension of the corporate rights of the American Corporation of Roust and Cyprus Pasalba Ltd. in JSC “Russia Russia” and LLC Russian Standard Vodka. Data on this are published in the Arbitration Affairs Archive.
Author:
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Roust Corporation has 90.99% of Russian standard vodka shares, derives from Rusprofile’s information. The main owner of Rust Russia in the Unified Legal Entities Registry was indicated by Pasalba Ltd., said Interfax.
Context. The Ministry of Finance filed a lawsuit against the suspension of rights on February 5. This happened after the government in November included Russia Russia and the Russian standard vodka in the list of economically significant organizations (ACO). This State allows the controllers to transfer to the Russian jurisdiction the actions and shares of the company that belong to foreign investors from the “hostile countries”, RBC wrote.
- The Rost Group is dedicated to the production and distribution of “Russian” Vodka, “Green Mark”, “Parliament”, “Crús”, as well as wine, whiskey, vermouth, ginac, cognac and liquors. She is included in the Russian standard that Rustam Tariko has.
- Russian standard vodka revenues in 2023 amounted to 3.77 billion rubles (-21% for the previous year), net profits of 39 million rubles. Rust Russia’s revenues decreased by 6%, to 19.5 billion rubles, a net loss amounted to 2,600 million rubles.
Author:
María Rudnitskaya
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
