Interfax reported that Ukraine’s High Anti-Corruption Court has partially satisfied a claim of the Ministry of Justice for the confiscation of Ukrainian assets of the main beneficiary and member of the board of directors of Russian PJSC VSMPO-Avisma Corporation, the world's largest titanium producer, Mr Mikhail Shelkov, refusing, in particular, recover 100% of Demurinsky Mining and Processing Plant LLC and a number of other companies to state. Ministry of Justice’s Sanctions Policy Department’ head Ms Inna Bohatykh “Ministry of Justice is convinced that Russian billionaire Shelkov continues to exercise control over Demurinsky Mining. We are preparing an appeal. HACC does not consider sufficient evidence such as the sale of 75% of the corporate rights of the Cypriot company that owns the mine for EUR 3,750 a few days before the start of a full-scale war, in conditions when the seller and the Cypriot company have already been under sanctions.” She also said “In addition, part of the management that worked for Shelkov continued to work in the Cypriot company and Demurinsky Mining after the alleged sale" of 75%. The presence of Mining's debt through the Cypriot owner company to VSMPO-Avisma allows Shelkov, in case of non-repayment of this debt, to levy execution on the plant itself. he HACC reported that, in particular, an apartment of 175.5 square meters and a parking space in Odesa; a warehouse of rolls of stainless steel tape with a total area of 2,411 square meters in Nikopol; a complex in Nikopol; a wheeled tractor; a Lexus car and four Mitsubishi Pajero Sport cars; cash on bank accounts and 100% of VSMPO Titan Ukraine were recovered to the state. Mr Shelkov, ranked 59th in the Forbes rating of Russian oligarchs with a fortune of about USD 1.5 billion, was included in the Ukrainian sanctions list back in 2021, and in October last year, the sanctions were expanded to include Cypriot Limpieza Limited.