Lifosa has been removed from the list of sanctioned companies

by times news cr

2024-07-31 00:56:01

This was confirmed by FNTT representative Modesta Zdanauskaitė to Elta.

According to the news portal “Rinkos aištė”, the decision to remove “Lifosa” from the list of sanctioned companies from July 1 was made at the end of June.

In the resolution signed by FNTT deputy director Mindaugas Stravinskas, it is announced that as of June 25 of this year UAB “Valnetas” is appointed as the temporary administrator of AB “Lifosa”. This appointment is scheduled to last until May 22 next year.

It is not yet known whether this will lead to changes in the company’s work as well, the portal writes.

ELTA reminds that the European Union in 2022 March 9 after the announcement of sanctions against Russia, the accounts of the company “Lifosa” were frozen, and on April 10 the operation of the phosphorus fertilizer factory in Kėdainiai was stopped.

100 percent The shares of “Lifosa” belong to the company “EuroChem Group” registered in Switzerland, 90% of which the shares are owned by the Cypriot company AIM Capital – it belonged to the oligarch Andrey Melnichenko before the war in Ukraine, and currently its beneficiary is the businessman’s wife Aleksandra. They are both included in the list of EU sanctioned persons.

in 2024 at the end of May, Lifosa announced that it planned to resume production, and at the beginning of June, it announced that it was starting to resume production activities.

2024-07-31 00:56:01

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