A Moscow court has upheld a decision to freeze the Russian accounts of chocolate maker Roshen, owned by Ukrainian presidential front runner Petro Poroshenko, the Moscow Times reported.
In March, Russian authorities seized factories belonging to Ukraine's leading chocolate company Roshen, which are located in Russia.
The Ukranian confectioner said at the time that the move was linked to political tensions in the region and a trademark dispute with United Confectioners, a partially state-owned Russian company.
By rejecting Roshen's appeal, the court cuts the company off from the more than $72 million held in its Russian accounts.
The Moscow Times says that although Poroshenko served as trade minister under ousted pro-Russian President Viktor Yanukovych, he has supported Kiev's efforts to turn toward the European Union in the teeth of Russian resistance.
© 2014 - European Supermarket Magazine by Enda Dowling
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