MOSCOW, 12 Mar – RIA Novosti. The shares of the Bashkir Soda Company (BSK) were transferred to the account of the Federal Property Management Agency by a court decision, Andrei Ivanov, an official representative of the Prosecutor General's Office of the Russian Federation, told reporters.
Earlier, in order to protect state interests, a lawsuit was filed with the Arbitration Court of the Republic of Bashkortostan to reclaim the shares of this company from the illegal possession of Bashkirskaya Khimiya JSC, Bashkirskaya Khimiya Trading House LLC and Regional Fund JSC.
“By a judicial act of December 11, 2020, the requirements of the General Prosecutor's Office of the Russian Federation were satisfied, this decision was left unchanged by the Eighteenth Arbitration Court of Appeal on March 1, 2021. At present, the decision has been executed, the designated shares are transferred to the personal account of the Federal Property Management Agency,” the statement says.
BSK attracted attention due to its attempt to develop shihan Kushtau. After the protests of eco-activists, the work was stopped. Bashkirian authorities gave the mountain the status of a specially protected area, and the company said it would continue to develop Mount Shakhtau below groundwater.
At the end of August 2020, Russian President Vladimir Putin criticized the owners of BSK, pointing out that the money earned by the company is not invested in the region, but is withdrawn by shareholders to their foreign accounts. He instructed the government of the Russian Federation, together with the leadership of Bashkiria, to investigate in detail the situation around the BSC, and the prosecutor's office to check the legality of the transaction, which resulted in the loss of state control over the soda industry of the republic. The claim of the Prosecutor General's Office for the reclamation of the shares of BSK was submitted to the Bashkir Arbitration Court on August 31, 2020.