US EditionRussian Court Approves State Seizure of Moscow’s Second-Largest Airport
- On Tuesday, a Russian court ordered that ownership of Domodedovo Airport, the country's third-largest, be transferred to the state amid concerns over foreign influence.
- This ruling followed a lawsuit by the Prosecutor General's Office reviewing privatization documents and accusing owners of foreign influence and illegal profit transfers.
- Domodedovo is owned by DME Holding, a group comprising 25 firms with a total valuation exceeding 1 trillion rubles, whose billionaire owners have been accused of transferring $228 million in profits abroad between 2021 and 2023.
- Prosecutors argued foreign residents had no rights to manage this strategic asset, and the court order is subject to immediate execution amid a wider state nationalization drive since 2022.
- The seizure reflects Russia's ongoing efforts to consolidate control of strategic enterprises following the Ukraine conflict, with critics warning of a hostile environment for investment.
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A Russian court ruled on Tuesday to transfer Moscow's Domodedovo airport from private ownership to the state, saying the owners live abroad and have no right to dispose of the property. AFP reported that Domodedovo is the latest in a series of Russian enterprises to be nationalized in recent times.
Moscow court rules to nationalize Domodedovo Airport
A Moscow court ruled on Tuesday to hand over the assets of the country's third-largest airport, Moscow's Domodedovo, to the Russian state at the Prosecutor General's request, court filings showed. Read more at straitstimes.com.
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Total News Sources12
Leaning Left4Leaning Right1Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 17%
R 17%
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