A Moscow court on Monday ordered the seizure of the assets of Transbunker, Russia's largest marine fuel supplier, handing control of the company to the state.
The ruling follows a lawsuit filed by Russia's Prosecutor General's Office in April which alleged that the holding company had been illegally controlled through offshore structures despite operating in sectors subject to restrictions on foreign ownership.
The decision is the latest in a sweeping campaign that has seen hundreds of private companies transferred to state ownership since the full-scale invasion of Ukraine in 2022.
Prosecutors have increasingly used national security and strategic asset legislation to justify seizures of businesses whose owners hold foreign citizenship or maintain overseas corporate structures.
According to the Moscow Arbitration Court's case database, the court granted the prosecutor's claims in full, ordering the assets of the Transbunker group to be transferred to the state. The ruling takes effect immediately.
