Russian President Vladimir Putin signed a decree on the transfer of more than 16.7 million shares of PJSC “Kalanchak Bread Products Plant”, located in the temporarily occupied territory of the Kherson region, from the federal ownership of the Russian Federation to the ownership of the occupation administration.
This is reported by Kremlin-controlled media.
According to the decree, the process of transferring the shares must be completed within three months. At the same time, the shares must remain “in the ownership of Kherson Oblast”, and the real estate belonging to the plant is prohibited from being alienated.
As the Russians claim, before the full-scale invasion the plant belonged to a Dutch company, and after the occupation of the left bank of the Kherson region its property was nationalized in favor of the federal budget of the Russian Federation.
Note that long before the full-scale invasion the controlling stake of the plant was owned by Russian citizen Valeriy Yurevich – a Russian businessman and the father of the former governor of Chelyabinsk Oblast, Mykhailo Yurevich.
Since 2016 the plant’s shares began to be transferred to the Dutch company MGC International B.V, which is connected with Yurevich Sr.’s pasta business – the company “Makfa”.
And in 2017 the Russian Federation put Yurevich Jr. on the international wanted list. He was suspected of receiving bribes totaling more than 26 million rubles.
In 2024 Russian media reported that the Prosecutor General’s Office of the Russian Federation filed a lawsuit against JSC “Makfa”. It was then noted that besides Yurevich’s main company, 33 other legal entities were defendants in the case, including the offshore owner of the plant – MGC International B.V.
Later, Yurevich Sr. had all the assets of the Makfa holding and associated companies confiscated, with the justification that the business had corrupt origins.
So the Russians took the plant from their own accomplices who at some point became inconvenient, and the occupation media simply “forgot” to tell about it.