Russian President spoke about Poroshenko's factory in Lipetsk region

Russian President Vladimir Putin said the Roshen factory in the Lipetsk region that belongs to the President of Ukraine, Petro Poroshenko, is working steadily, though, there are claims from the Russian tax authorities regarding it.

"We strive to respect the right of property. We are by no means always able to do that and we need to correct our practice; much remains to be done with the legislation, but we will always strive for this," the President said, speaking at a session of the Valdai International Discussion Club.

According to Putin, this also applies to Poroshenko's factory.

"The same applies to our foreign investors, including Ukrainian investors. Petro Poroshenko is one such investor, bearing in mind that he is the owner of quite a large company in the Lipetsk region, the Roshen factory,'' Putin said.

Putin noted that "there are some problems associated with the non-payment of VAT, and the courts have imposed certain restrictive measures."

"But the factory is working regularly, pays salaries, receives profits and there are no restrictions on the use of this profit, including its transfer abroad," Putin said.

In April 2015, a criminal case under part 5 of Article 159 of the Criminal Code of Russia (large scale fraud) was opened against the Roshen Lipetsk confectionery factory. According to investigators, 180 million rubles of budgetary funds were stolen during the construction of the factory. As a result, the Basmanny Court of Moscow opened an embezzlement case and seized the property of the Lipetsk factory until the 13th of September. In late May, the Roshen Corporation appealed against the seizure of property, and won the case in the Lipetsk courts.

  Russia, Ukraine, Poroshenko, Putin