
Moscow Court Rules to Nationalize Domodedovo Airport
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Diverging Reports Breakdown
Moscow Court Rules to Nationalize Domodedovo Airport
A Moscow court has ruled to nationalize Domodedovo International Airport. The decision follows allegations that the facility had come under foreign control. The Russian Prosecutor General’s Office filed a lawsuit against the airport and its co-owners.
The Russian Prosecutor General’s Office filed a lawsuit against Domodedovo and its co-owners after reviewing the airport’s privatization documents, the publication reported earlier this year.
In February, a court granted Russia’s civil aviation authority Rosaviatsia temporary control of key services at Domodedovo, effectively marking a state seizure of the country’s third-busiest airport.
Moscow’s Court of Arbitration on Tuesday ordered the ownership of DME Holding, a conglomerate of 25 companies valued at more than 1 trillion rubles ($12.7 billion), to be transferred to the Russian state.
Russian-born Dmitry Kamenshchik, who is reported to hold Turkish and UAE passports, and Valery Kogan, a Moscow-born Israeli citizen, were identified as DME Holding’s ultimate beneficial owners.