CL-2022-000456 - [2025] EWHC 1938 (Comm)

There were also changes in directorships.

At the level of Linetrust PTC, Mr Fokin was the sole director until 18 March 2022. For some months thereafter the directors were Ms Skittides and Mr Constantinides. Ms Skittides was educated at Moscow State University before qualifying to practise as a lawyer in Cyprus. She is a professional trustee and corporate service provider and has worked for and with various significant Russian/CIS corporations, including Cargotrans and several Russian banks.

Mr Noble was appointed as director of Linetrust PTC on 10 June 2022. Mr Lillikas was appointed on 28 June 2022. At some point (I do not know the date), Mr Constantinides resigned. Mr Lillikas was previously a politician in Cyprus. In that capacity, he was well-known to be pro-Russian, arguing publicly that Cyprus should not enforce EU sanctions against Russia and that Cyprus should allow Russia a military base on the island.

As already noted, Mr Fokin was a director of Linea until 18 March 2022, and a director of AIM Capital until 22 January 2024.

At the level of EuroChem AG, Mr Samir Brikho, who had been Chairman of EuroChem AG and the CEO of the EuroChem Group, resigned. So did Mr Vladimir Rashevsky, who had also been CEO, but was himself added to the list at Annex I to Regulation 269 on 15 March 2022. Mr Hechler assumed the position of CEO in June 2024 and became a director in October 2024.

I am not aware of any relevant changes at the levels of MCC EuroChem or EuroChem NW2. At some point, Mr Shiryaev was succeeded by Mr Vanyushin as the person with the head title at MCC EuroChem, but I do not know precisely when or why this occurred. I have no reason to suppose that this change related to sanctions.