Oleg Deripaska demands 21 million euros from Montenegro

Oleg Deripaska and Montenegro: Dispute over 21 million euros

Montenegro is faced with news that has attracted the attention of the public and the business sector. Russian tycoon Oleg Deripaska is making a claim to this Balkan country in the amount of more than 21 million euros in connection with the former Niksic bauxite mine.

The drama around the Niksic Bauxite Mine
This mine, formerly owned by Deripaska, became the center of the dispute. He demands compensation for the period of his management, claiming that 17 million euros were provided as a loan, and almost 4.5 million euros are unpaid interest.

Ten-Year Legal Dispute
The legal standoff between Deripaska and Montenegro has been going on for a decade. The main arguments relate to the provision of documents confirming financial transactions in favor of the mine.

Deripaska claims that the Montenegrin side received the funds, but she denies receiving them, demanding additional evidence. This dispute creates misunderstanding and negative impact on the business climate of the country.

Mine workers and members of the public are making accusations of corruption, claiming that the dispute is related to dishonest practices in the past management.

The legal dispute between Deripaska and Montenegro has a negative impact on the country's reputation, including in the context of tourist attractiveness.