The Oktyabrsky District Court of Russian Lipetsk satisfied the demands of the Deputy Prosecutor General to recover shares of JSC Lipetsk Confectionery Factory Roshen in favor of the state, the joint press service of the judicial system of Lipetsk region reported on Monday.

According to the release, the court decided to convert into the income of the Russian Federation the shares of JSC Lipetsk Confectionery Factory Roshen, as well as shares in the charter capital of Roshen LLC: 94.9976%, owned by the Ukrainian Central European Confectionery Company, and 5% owned by Oleh Kazakov.

In addition, the court decided to ban the activities of former President of Ukraine, Verkhovna Rada member Petro Poroshenko, his son and beneficiary Oleksiy Poroshenko and Kazakov in Russia.

"The court's decision in the administrative case is for immediate execution. It can be appealed to the Lipetsk Regional Court within the time limits established by law," the statement says.

In April 2015, the Roshen Corporation announced the seizure of the property of the Lipetsk confectionery factory with a total value of RUB 2 billion. The Russian Investigative Committee then announced the initiation of a criminal case into the alleged fraudulent theft of RUB 180 million through illegal reimbursement of value added tax from the Russian budget to the Lipetsk confectionery factory Roshen for operations in 2012. Searches were carried out at the factory, as well as at the offices of the construction company NPF Metallimpress in Nizhny Novgorod.

The enterprise was mothballed in 2017. Production there has been stopped.