Photo from UNIAN
Russia's VTB insists Firtash's structures owe nearly US$37.5 million to the bank.
The Cypriot-based Limassol District Court has ruled to seize the movable and immovable property worth almost US$46 million from Ukrainian billionaire Dmytro Firtash.
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Interim measures also affected the oligarch's Group DF Holdings Limited, the Russian daily Kommersant reported on January 16.
The court's ruling satisfied a claim filed by Russia's VTB Bank. The businessman's PJSC Ukrainian Chemical Products and Titanium Investments LLC reportedly owed over RUB 2.5 billion ($37.5 million) to the bank.
According to Kommersant's sources, VTB Bank lawyers lodged the lawsuit with the Limassol District Court on December 20, 2018. The interim measures were taken a week later. The hearing on the merits is scheduled for the end of January 2019.
VTB Bank's press service confirmed that Firtash's assets had been seized but declined to disclose details.