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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 17, 2025

    Featured image for article about Headlines

    (Reuters) -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.

    Domodedovo's assets were owned by Russian businessman Dmitry Kamenshchik or his companies. Kamenshchik also had citizenship of Turkey and the United Arab Emirates, according to Russian media, and according to the court documents prosecutors believed the ownership structure could expose the airport, an entity of strategic importance, to the risk of foreign influence.

    Domodedovo did not immediately respond to requests for comment.

    The Domodedovo case is the latest in a series of asset seizures initiated by prosecutors. Earlier this year, the court ordered the transfer of several major companies to state ownership, including grain trader Rodnie Polya, warehouse operator Raven Russia, and oil service firm Borets.

    Moscow started seizing assets in Russia, both from foreign and Russian owners soon after the start of the conflict in Ukraine and had already transferred property worth 2.4 trillion roubles ($30.48 billion) to the state, Prosecutor General Igor Krasnov said in March.

    ($1 = 78.7455 roubles)

    (Reporting by Gleb Stolyarov. Editing by Alexander Marrow and David Evans)

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