Ukrainian oligarch loses control over his hotels in the Donbas

The management of the Donbas Palace and Park Inn hotels in Donetsk has been suspended from business administration by representatives of the self-proclaimed DPR (Donetsk People's Republic). Armed representatives of the self-proclaimed “Republic” have seized the hotel buildings and all equipment.

This was reported by the press service of ESTA Holding, which is part of the Rinat Akhmetov’s company, SCM holdings.

"During three years of military conflict in certain areas of the Donetsk and Luhansk oblasts in Ukraine, the Group's hotels located in Donetsk continued to operate exclusively in the Ukrainian legal field, providing stable work and a salary for more than 200 people," said ESTA Holding CEO Maxim Gromadtsov.

As noted, in recent years hotels have been the habitat and headquarters of international humanitarian organizations such as the OSCE, UN, UNICEF and many others.

"From now on, we no longer control them. We will fight to regain control over them by all available legal methods," he added.

In fact, having lost control over the businesses, the company has already appealed to the law enforcement agencies of Ukraine, the State Fiscal Service (SFS) and state funds. In addition, representatives of international organizations have been notified that hotels no longer work within the framework of the Ukrainian legal fold.

  Ukraine, Donbas, Akhmetov