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Russia's Court Extends Arrest Of Lipetsk Roshen Confectionery Until June 13

The Basmanny District Court of Moscow (the Russian Federation) has extended the arrest of the Lipetsk Roshen confectionery until June 13, 2019.

The company has said this in a statement, Ukrainian News Agency reports.

According to the report, the arrest is spread for four warehouses, an auxiliary building, and seven land plots with the total area of over 700,000 sq.m.

As Ukrainian News Agency earlier reported, in June 2017, the Roshen Corporation completed the process of Lipetsk confectionery's temporary shutdown.

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The Roshen Corporation says the Russian Federal Tax Service is unjustifiably attempting to collect more than RUB 150 million in additional taxes on the Roshen Trading House (Lipetsk, Russia).

In January 2017, Roshen decided to stop production at the Lipetsk confectionery factory.

Roshen Corporation includes Kremenchuk, two Vinnytsia, Kyiv confectioneries, Mariupol confectionery (which shareholders decided to liquidate) in Ukraine, Lipetsk-based Likonf confectionery (Russia), Klaipeda confectionary UAB Roshen (Lithuania), and Bonbonetti Choco factory (Hungary).

President of Ukraine Petro Poroshenko is the ultimate beneficiary owner of the Roshen Group; in April 2016 the ICU investment company announced the completion of the transfer of the share of Poroshenko in the Roshen confectionery to the trust of Rothschild Trust company.

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Later, President Poroshenko said that he does not influence on his assets in Roshen.

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