Russia already took one family’s stake in its biggest Baltic oil terminal. Now it’s coming for the rest.
The Prosecutor General’s Office has filed a lawsuit with the Arbitration Court of St. Petersburg and the Leningrad Region against Elena Vasilyeva, who owns 45% of the St. Petersburg Oil Terminal (PNT), according to the St. Petersburg-based news outlet Fontanka.
The Prosecutor General's Office has initiated legal proceedings against Elena Vasilyeva, who holds a 45% stake in the St. Petersburg Oil Terminal (PNT), according to the St. Petersburg-based news outlet Fontanka. The lawsuit, filed with the Arbitration Court of St. Petersburg and the Leningrad Region, is rooted in a 2022 transaction where Sergei Vasilyev, a co-founder of the terminal, transferred the rights to his shares from a Cypriot offshore company to himself.
Following a serious illness, Vasilyev subsequently transferred the business to his wife, Elena Vasilyeva, who subsequently assumed the role of chairperson on the terminal's board of directors. The court has frozen the Vasilyevs' shares and prohibited them from selling them. The couple only learned about the lawsuit through the court's website, with a hearing scheduled for September 11, and they won't have access to the full claim until September 7.
The PNT, founded in 1996 by Dmitry Skigin, is currently Russia's largest oil-products transshipment terminal in the Baltic region.
Written by urgent.news from Meduza (English)'s reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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