Uralchem Issues Statement Regarding Allegations

JSC Uralchem, Moscow, has issued an official statement blasting a number of media outlets for publishing false allegations about the company, which, it said, tarnishes its business reputation and its management.

“In these publications, published in some regional, federal, and foreign media, Uralchem is falsely accused of non-payment of taxes to the Russian budget and tax fraud, obtaining loans from state banks to siphon funds aboard, and misappropriation of natural resources,” the company said. “Baseless assumptions were made regarding the imminent bankruptcy of the company and its possible liquidation. In addition, a number of reports feature meritless accusations of corruption and attempts to influence tax and law enforcement agencies against the management of JSC Uralchem.”

Uralchem stated that the facts and figures featured in these publications and materials “are false” and “are the authors’ conjectures.”

It further stated that the company is a bona fide taxpayer, that all companies of the Uralchem group undergo regular field and desk tax audits, and neither law enforcement agencies nor the Russian Federal Tax Service accuse the company of non-payment and violations.

One of the publications in question is believed to be a report released last month by the Moscow-based Centre for Analysis of Strategies and Technologies.