Ukraine is seeking to take control of IDS Ukraine, the producer of the country’s largest bottled water brands, amid a legal dispute involving sanctioned Russian investors and a UK-based billionaire family that owns 34% of the company.According to The Guardian, Ukrainian authorities froze IDS Ukraine’s corporate holdings in 2022 because Russian investors own a 49% stake in the company.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official.Those investors include Mikhail Fridman, founder of Russia’s Alfa Group conglomerate, who is subject to Western sanctions over his ties to Kremlin leader Vladimir Putin’s regime.Ukraine’s Asset Recovery and Management Agency (ARMA) has been instructed to appoint an independent manager to take control of the company’s operations. The Georgian government is among IDS Ukraine’s other minority shareholders.ARMA head Yaroslava Maksymenko said the agency had repeatedly encountered legal and bureaucratic obstacles, partly because existing shareholders resisted surrendering control over their assets.Separate proceedings are underway in Ukraine’s High Anti-Corruption Court, where shareholders are challenging attempts to nationalize some or all of IDS Ukraine. Some government officials regard the bottled water producer as a strategically important asset during Russia’s war.ARMA raises concerns but no wrongdoing establishedMaksymenko said ARMA was concerned about the potential laundering or withdrawal of money from IDS Ukraine if the current management remained in place.