The European Commission requires Montenegro to settle the dispute with Deripaska
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European Commission demands Montenegro to settle dispute with Deripaska
The resolution of the European Commission on the resolution of the conflict between Montenegro and CEAC - Central European Aluminum Company (part of En + Oleg Deripaska's group) was adopted by the European Parliament. The European Commission demanded that Montenegro conduct an independent audit and settle the dispute with CEAC. In En + welcomed the decision of the European Parliament. Since 2005, CEAC has managed a number of European En + assets. The structure of CEAC includes the aluminum plant KAP. Due to the collapse of aluminum prices, KAP was close to bankruptcy and CEAC decided to close the company. Against this were the authorities of Montenegro. The conflict was settled, but subsequently the government of Montenegro initiated bankruptcy. The plant was sold for 29 million euros, which caused a protest of the En + group, in which the value of the enterprise was estimated to be almost 10 times higher. This month in the European Parliament will be the meeting of the European Commission, at which the issue on the resolution will be put to the vote.
Evgeny Novozhilov
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