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International Internet Magazine. Baltic States news & analytics Friday, 14.03.2025, 17:27

Billionaire Chizh's Neonafta quits Latvia

Alla Petrova, BC, Riga, 14.12.2012.Print version
The company Neonafta, which is controlled by the European Union's blacklisted Belarusian billionaire Yury Chizh, and which used to own one of Latvia's largest biofuel producers Mamas D, officially left the Latvian market this week, according to Firmas.lv information, writes LETA/Nozare.lv.

Mamas D currently belongs to two Belarusian residents.

 

The EU has frozen the assets of three businessmen associated with the Belarusian government – Chizh, Anatoly Tarnavsky and Vladimir Peftiev. The EU has also banned them from crossing its borders. In addition, the bloc has frozen the assets of 30 Belarusian companies, including Chizh's oil and gas holding Triple. Neonafta is a part of Triple.

 

The EU has also extended sanctions against Belarus until October 31, 2013.


Neonafta owned 80% of Mamas D shares and 80% of Latgales alus D shares until December 14.

 

At the moment, 40% of both companies shares belong to Belarusian citizen Dmitry Aleksin and another 40% – to Russian citizen Inna Oleksin.

 

Aleksin told Nozare.lv that both shareholders are planning to expand the company's operations.





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