#Dmitry Mazepin

[automundoarg]

Nikita Mazepin: Tribunal anula sanciones europeas

Estas sanciones, aplicadas por su conexión familiar con su padre, fueron consideradas injustificadas.

El Tribunal General de la Unión Europea ha tomado la decisión de anular las sanciones impuestas al ruso Nikita Mazepin, piloto del equipo Haas de Fórmula 1 durante la temporada 2021. Estas sanciones, aplicadas por su conexión familiar con su padre, el empresario Dmitry Mazepin, vinculado al Kremlin, fueron consideradas injustificadas por el tribunal con sede en Luxemburgo. UN REVÉS PARA LAS…

[certifiedbi]

The current discussion around what's happening with Haas rn is really making me realise how new some fans are because wdym you don't know Uralkali or the Mazepin family?!

[not-that-syndrigast]

The Haas and Uralkali situation explained

Some of you might’ve heard of it, those that didn’t should now. In the course of this race weekend, news came out that equipment and the cars of the Haas F1 team could be seized, as they owe their former sponsor Uralkali money, and as long as they don’t repay that money, their assets, in this case cars and equipment could be seized. All of this could lead to them missing the Italian Grand Prix, if not more, but what exactly happened and what will Haas do now? I’ll try to answer these questions and give my opinion on the situation, but i’ll preface all of this by saying that I am not legally involved in any of this, which means I can also only give you public knowledge and while i tried my hardest to research all the facts, it’s impossible to be sure that everything is correct, but more to that later.

Back to the problem; where did all of this start?

Uralkali ‘is a Russian potash fertilizer producer and exporter’ as stated on Wikipedia. It’s a pretty big company with a lot of assets, in 2018, they had assets worth roughly $8 billion. With these big numbers in mind, Uralkali became a sponsor of Haas in 2021. I’ll make a separate post about  sponsors, but important to know for this is that sponsors hold contracts with the teams. They give the teams money that's needed and in return, depending on how much they gave, they get things back from the team. As you’ve probably guessed, Uralkali gave quite a big sum of money to Haas, they became title sponsor, so for 2021, Haas was officially called ‘Uralkali Haas F1 team’, their cars livery was in the russian flag and they signed Nikita Mazepin, son of Dmitry Mazepin who’s one of the most influential Uralkali shareholders. It’s not quite clear how much money Haas got, but multiple sources talk about roughly $12 million, which makes sense if you take all factors into account.

From the money Haas made, they bought equipment and parts for the cars, so as far as sources state, all the money they initially got has been used up.

In 2022, following Russia's invasion of the Ukraine, many business people and oligarchs were sanctioned. I could not find clear statements of Uralkali itself being sanctioned too, but considering that most of the owners and shareholders are, I would assume that that puts the company also under certain sanctions. The important part here is that both Nikita and Dmitry Mazepin have been put under sanctions. These sanctions consist of asset freezes and travel bans, which resulted in Nikita Mazepins contract and the sponsoring contract being terminated by the team. 

Now this is where the problem starts; by contract, there's usually a clause that does not allow one party of the deal to just withdraw, at least not without paying their shares back. Due to the sanctions, though, it was not possible for Haas to pay the money that they owed back.

According to multiple sources, there was an arbitration court hearing in June in Switzerland, in which the court ruled that Haas needs to pay back the money that they owe Uralkali. Again, different sources talk about different amounts of money, since the ruling was kept private, but Uralkali states that by contract, they are also owed "a team race car from the 2021 season”. It’s difficult to rule out what really happened as different sources state different things, but they all have in common that Haas did not meet the required time to pay back whatever they owe, may that be because of the sanctions or because they lack the money, the important point is, Uralkali proceeded with a bid to get their court ruled money in assets. This race weekend, Haas has been apparently visited by bailiffs to evaluate what assets are of what value that could then be owed to Uralkali.

All of this is pretty irrelevant to the dutch grand prix, as it has been made sure that the valuation and official proceedings do not happen during the day and Haas has been ensured that this race weekend would continue, this could change though for the italian grand prix. If bailiffs decide which assets are worth the amount they owe Uralkali, these could be kept in the Netherlands until Haas pays or be taken as substitute for the money, although I am not sure where the legalities would lie there with what Uralkali is allowed to do with the assets then. 

The big problem for Haas right now, is paying. It's unclear if Haas has the money to pay it back, if they do it would obviously be a big setback because we are talking about millions of dollars here, but there is another problem; due to the sanctions, Haas states, the process of paying is difficult; “Haas has been working with its lawyers to ensure payment will comply with all relevant US, EU, UK and Swiss sanctions and regulations.” Uralkali states that this is not a good reasoning, but politics are difficult to follow, so even with extensive research I cannot guarantee you that paying is even a possibility without breaking sanctions by certain countries. For Haas the problem stays; they need to pay before Monday, or their assets will not be allowed to leave the Netherlands.

Due to this, rumors have surfaced, saying that this could be the end of Haas. Even if they pay the money and can compete in Italy, a lot of people expect it to be the final hit for Haas and possibly result in the team leaving or being bought up by Andretti, an American company that has tried to get into F1 for a while now. As of now, i cannot answer these rumors based on proof, but i can share my thoughts; leaving the sport completely is not as easy as it seems, there are contracts and rules, depending on the contracts, just leaving could cost Haas even more. Although selling the team would bypass these rules, selling a team takes time. Andretti could benefit from Haas being cheaper to buy than it would usually be, if the owners want to leave they’ll want to do it fast and for a team like Haas, you really cannot ask for much. In the end I do think though, that the rumors are unwarranted. If Haas gets sold, it's because they got a good offer, not because they suddenly want to leave when things get hard, especially since things were never easy at Haas to begin with.

I hope I explained and summarized the whole situation properly. As always, I'm open to explain my thoughts further and for comments and what you guys think of the situation and in this case rumors.

[lil-shiro]

Who exactly is Oliver Oakes, newly appointed Alpine TP, and what could this mean?

[TW: Nakita Mazepin mention]

Oliver Oakes is a relatively well known name in formula motorsports, primarily as the team principal and director of Hitech GP, (F4/F3/F2 etc. British racing team).

Additionally he is the second youngest team principal ever, at the age of 36 (born in 1988).

But before that he was actually a racing driver himself, and is the 2005 World Karting champion. He was even once a part of the Red Bull Junior Team. He raced in a few single seater series before moving onto a managerial position.

Oliver Oakes [L] and Marcus Ericsson [R], 2008 - British Formula 3 International Series

Team Oakes Racing, a karting team and karting management service, was formed in 2011. They managed notable drivers such as Callum Ilott, Marcus Armstrong, Nikita Mazepin, and Clement Novalak.

In 2015, Hitech Racing became Hitech GP as we know today after founder, David Hayle partnered up with Oakes. Many drivers have driven for Hitech such as George Russell, but there's too many to name.

It was under Oakes' management that built Hitech's strong connections with Uralkali as a sponsor and partial ownership by Dmitry Mazepin (which is no longer the case as of 2022) by signing Nikita Mazepin as a driver.

(L) George with Oakes in 2016 / (R) Oakes with Mazepin in 2020

Presently, their notable talent includes, Paul Aron who in is currently 3rd in the F2 standings in his rookie year with 7 podiums. And Luke Browning, who is running 2nd in F3.

Oakes with Paul Aron, Estonian F2 driver (x)

If you didn't know, Paul Aron was part of the Mercedes F1 Junior Team and parted ways (he was dropped) with them at the end of 2023. He looks to be doing pretty well in F2, so who knows if with Oakes as a newly appointed TP, this could be an opportunity for Paul in the future (maybe a potential buy out).

[starlightiing]

Nah. The new guy they're rumoring is a friend of Dmitri Mazepin. I'd rather keep Bruno who sticks up for Pierre. You just don't like him because he finally said what needed to be said.

I try to give the benefit of the doubt where I can. I don't want to hope he's gonna be bad because Pierre is still going to be in Alpine for a while, Id rather hope he will be good and do good things for Pierre.

Incorrect, I hated Bruno from the start. I think he's horrid and I always have. His mouth doesn't help, but he has got to go. He's not doing anything good for the team, things are falling apart at the seams under him. He's viciously unprofessional and the team is going backwards. Good on him for sticking up for Pierre but that's not enough to save him this position.

Let's just be positive and hope the new guy stands up for Pierre as well.

[mariacallous]

Independent Russian investigative outlet Proekt has put out a “guidebook to Russian wartime oligarchs,” which details the “contributions” the wealthiest Russian nationals have made so far to the war in Ukraine. Proekt journalists studied state contracts and other open sources of information, discovering in the process that at least 81 of Russia’s richest businessmen are involved in supplying Russia’s military-industrial complex, its army, and its National Guard, though some deny their involvement with the defense economy and even openly criticize the war. Meduza shares an English-language synopsis of Proekt’s investigation.

The Proekt team’s investigation started by looking at the 2021 Forbes Russia list. Journalists then analyzed publicly available state contracts between companies wholly or partially owned by the people on that list and organizations like military manufacturing plants, Russia’s Defense Ministry, and the National Guard. They focused on the period between 2014 and 2023. Proekt notes, however, that the Defense Ministry and military factories began to classify most contracts as secret in 2017.

Of the 81 businessmen included in the investigation who have been involved in weapons manufacturing, 80 have been sanctioned but only 14 faced restrictions from all of Ukraine’s allies. Another 34 were sanctioned only by Ukraine.

Contracts between the oligarchs’ companies and Russia’s military-industrial complex during the entire period of military conflict in Ukraine (2014–the present) were worth at least 220 billion rubles ($2.4 billion), writes Proekt.

Who profits from the war, and how? A few examples.

In March 2022, the Russian military killed civilian residents in the city of Bucha, outside of Kyiv. Video footage of the events — shot by drones, surveillance cameras, and a Bucha resident, Viktor Shatilo, who filmed the murders on his cell phone from his home’s attic — shows that some people were killed by BMD-2 and BMD-4M airborne infantry fighting vehicles. The latter are produced by the company KBP Instrument Design Bureau, which belongs to the High Precision Systems holding company, part of the state corporation Rostec.

The owners of companies that, according to Proekt’s investigation, produce components for BMD-4Ms, include:

Viktor Vekselburg is a co-owner of Rusal Ural. The company supplies aluminum powder to the manufacturer of Arkan missiles, with which BMD-4Ms are equipped.

Igor Kesayev supplies metal casts to the Vologda Optical-Mechanical Plant, which makes sights, including for BMD-4Ms.

Oleg Deripaska owns Barnaultransmash, which produces UTD-29 motors used in BMD-4Ms. He’s also a co-owner of Rusal Ural, which supplies aluminum powder for the Arkan missiles mounted on BMD-4Ms.

Vladimir Evtushenkov is a co-owner of an enterprise that develops armor and supplies casts for BMD-4M hulls. His company also supplies microchips to a factory that manufactures sights, including for BMD-4Ms.   

Mikhail Shelkov owns VSMPO-AVISMA, which supplies rolled titanium, probably for tank chassis parts.

Igor Rotenberg is reportedly associated with the Tulamashzavod factory, which produces 2A27 30 millimeter automatic cannons. 

Dmitry Mazepin owns Uralkhim, which supplies ammonia, ammonium nitrate, and nitric acid for Arkan missiles.

Yevgeny Zubitsky owns the company Polema, which supplies tungsten parts and molybdenum rods used in tank construction.

Proekt’s investigation also suggests that Russian soldiers with the 234th Airborne Assault Regiment, which has been accused of the murder of civilian residents in Bucha, carried Pecheneg machine guns and Kalashnikov assault rifles. The weapons can be seen in soldiers’ own photos, posted on social media. The guns are developed and produced by a state-owned military research and production firm, known as TsNIItochmash, as well as by the private Degtyarev Plant, which is owned by Igor Kesayev. A company known as Alfastrakhovanie, whose owners include Mikhail Fridman and Pyotr Aven, provides health insurance services for TsNIItochmash and property insurance for the enterprise that makes Kalashnikovs.

Fridman and Aven are also part-owners of Alfa-Bank, which provides credit to Tula Cartridge Works, owned since 2017 by Igor Rotenberg, which manufactures cartridges for Kalashnikov and Pecheneg guns. Proekt notes that Alfa-Bank “held open” a line of credit for the factory after Russia’s full-scale invasion of Ukraine in February 2022, closing it only in December 2022. Alfa-Bank said it only finances sporting and hunting cartridges intended for delivery to the U.S. Fridman and Aven have tried to challenge the sanctions enacted against them.

The Proekt investigation also mentions the shelling of Vinnytsia in Ukraine, which the Russian army carried out on July 14, 2022. The attack, during which Russia launched three Kalibr missiles at the city, killed 27 people. By Proekt’s calculations, at least seven enterprises owned by Forbes List billionaires were involved in the production of those missiles. Among them are Viktor Vekselberg’s Kamensk-Uralsky Metallurgical Works, which supplies aluminum casts for Kalibr missile production, and Viktor Rashnikov’s Magnitogorsk Iron and Steel Works, which supplies rolled metal to missile manufacturers.

Russia’s oligarchs were also financially linked to the bombing of the Mariupol Drama Theater, says Proekt. On March 16, 2022, Russian troops dropped two FAB-500 bombs on the theater, where a large number of civilians were hiding. The exact number of people killed is still unknown, though the Ukraine authorities say it is close to 300. 

In 2017, the Sverdlov Plant in Dzerzhinsk got an automatic line for equipping FAB-500 bombs with explosives. The components for manufacturing those explosives are supplied to the Sverdlov Plant by subsidiaries of Dmitry Mazepin’s Uralkhim firm and by a company called Sibur, which is jointly owned by Vladimir Putin’s friend Gennady Timchenko, Putin’s former son-in-law Kirill Shamalov, and Leonid Mikhelson. The plant purchases aluminum powder for the bombs from Oleg Deripaska’s company Rusal.

Proekt reached out to all of the companies and individuals named in its investigation. The publication cited a spokesperson for Pyotr Aven, Mikhail Fridman, and German Khan, who said that Alfa-Bank decided not to work with defense enterprises “and from the moment that decision was made, consistently, but in compliance with all necessary procedures, exited relationships with those clients.” 

Deripaska’s spokesperson said that the oligarch neither owns nor runs any businesses connected to the production or supply of weapons, military equipment, or any other products or services for the defense sector. “A number of peripheral military-industrial assets…that once belonged to Oleg Deripaska’s companies were sold in 2019, long before the start of the senseless war in Ukraine, and are not in any way connected to Oleg Deripaska,” a statement from his spokesperson read. 

You can see the full list of wealthy Russians who profit from the war in Ukraine, according to Proekt’s investigation, here (in Russian).

[f1]

Nikita Mazepin: Russian driver loses High Court case to lift British sanctions

Nikita Mazepin originally joined Haas in 2021 on a multi-year deal Russian racing driver Nikita Mazepin has lost a High Court case against UK government officials to get sanctions against him lifted. Mazepin and his father Dmitry were sanctioned by the UK, Canada and the European Union in March 2022 following Russia's invasion of Ukraine. Billionaire businessman Dmitry Mazepin was deemed a close associate of Russian president Vladimir Putin. Mazepin was also sacked by Formula 1 team Haas as a result of the invasion. Mazepin has taken legal action against UK Foreign Secretary James Cleverly and a judge will oversee a trial in 19 July. Lawyers representing Mazepin asked Mr Justice Linden at a High Court hearing in London on Thursday to suspend the sanctions in the interim so he could travel to the United Kingdom in order to begin negotiations with Formula 1 teams based there. The judge dismissed their application, saying he was "quite satisfied" that the balance of evidence weighed against granting interim relief. It was also suggested by the judge that Mazepin would struggle to strike a deal with an F1 team until his claim for relief from sanctions is resolved. Mazepin and his father are subject to an assets freeze and travel ban as part of the sanctions, though lawyers representing the Foreign Office argued that Mazepin could still negotiate with Formula 1 teams with the sanctions in place. The former Formula 1 driver's lawyers told the judge there was no evidence he supported Russia's "actions" in Ukraine, adding the sanctions were "unfair" and "draconian". via BBC Sport - Formula 1 http://www.bbc.co.uk/sport/

[lethimfertilise]

Potash Wars

Some time ago, I wrote a short post about the breakdown of the oligopoly among potash producers—no more cartel agreements, no more shared markets.

In fact, the confrontation between the Russian and Belarusian producers (Uralkali and BPC) has recently escalated. According to Russian press reports, two partners of Dmitry Mazepin have been arrested in Belarus.

This mirrors the events of 2013, when the General Manager of Uralkali, Vladislav Baumgertner, was arrested at Minsk airport. This occurred after Uralkali decided to stop trading through BPC and began handling its own sales.

I can only speculate about what has happened this time, but it seems it was a reaction to Uralkali taking the lead in price negotiations with Indian IPL and the Chinese—a very provocative move for the Belarusian producer.

Will the Russians strike back?

#potassium #potash #market #war #russia #belarus #imstory #news 

[shahananasrin-blog]

[ad_1] The move could enhance the country’s pricing power on the global market, according to the news outlet Moscow is assessing the possibility of establishing a unified trading company for fertilizer exports, Bloomberg reported on Monday citing sources close to the discussions.According to the report, the proposed move will unite Russian fertilizer exporters under one entity, which would give the country more sway in global pricing, while the government will gain more control over fertilizer export revenues.The idea was reportedly pitched last month by Dmitry Mazepin, founder of Russian fertilizer giant Uralchem. Over the past month, the proposal has been discussed between major fertilizer producers, Deputy Prime Minister Denis Manturov and Prime Minister Mikhail Mishustin. However, some fertilizer makers did not support the proposal, worried that it could be harmful for their business, Bloomberg sources claimed. The talks are reportedly in their early stages, and no decisions have been made.Uralchem’s press service denied any knowledge of the proposal. Government officials did not respond to media requests for comment.Russia is the globe’s largest fertilizer producer, covering roughly 15% of global consumption. Russian fertilizer exports were not directly targeted by Western sanctions placed on Moscow in connection with the conflict in Ukraine. However, restrictions have still affected deliveries, which plunged 15% year-on-year in 2022. For instance, Baltic ports have stopped handling most Russian fertilizer due to shipping and insurance restrictions, while several cargoes were blocked in ports across the EU. The exit of global shipping companies, several international banks and insurers from Russia also contributed to difficulties faced by exporters.However, according to official data, exports of most types of Russian fertilizers have been recovering this year amid successful efforts to reorient deliveries to Asia. The head of the Russian Fertilizer Producers Association (RAPU), Andrey Guryev, in May projected that exports may reach pre-sanctions levels of some 38 million tons by the end of the year. Russia’s average annual fertilizer output amounts to roughly 55 million tons.For more stories on economy & finance visit RT's business section You can share this story on social media: Follow RT on [ad_2]

[f1chronicle]

Dmitry Mazepin and son eye new F1 team project

[hostor-infotech]

Formula 1 2022 | Every team's car in pictures as new regulations take effect

Russia’s invasion of Ukraine has rocked Formula 1 – and Haas was embroiled in the drama through an extraordinary chain of connections. Almost two weeks after the completion of pre-season testing in Barcelona, Haas sacked driver Nikita Mazepin and title sponsor Uralkali. Mazepin is Russian and his dad, Dmitry, is not only the owner of Uralkali but a close associate of Russian president Vladimir…

[usasportsworld]

Nikita Mazepin teases racing return and dreams of F1 comeback but says “I can’t tell you about” secret new deal | F1

Nikita Mazepin teases racing return and dreams of F1 comeback but says “I can’t tell you about” secret new deal | F1

The ex-F1 driver was sacked by Haas ahead of the 2022 season due to the country of his birth, Russia, invading Ukraine. His billionaire father Dmitry Mazepin ran Uralkali, previously Haas’ title sponsor until they were also dropped. Mazepin has spent the past year in Russia, and has competed in the Silk Way Rally, but is working on a route back into the big leagues. “I did that out of pleasure…

[mubashirnews]

Russian fertiliser kings to get EU sanctions relief

Russian fertiliser kings to get EU sanctions relief

Russia’s fertiliser and chemicals barons will partly get off the hook on EU sanctions after a last-minute deal in Brussels on Thursday (15 December). Fertiliser magnates Andrey Melnichenko and his wife Aleksandra, fertiliser tycoons Andrey Guryev and Moshe Kantor, chemicals mogul Dmitry Mazepin, and farming billionaire Vadim Moshkovich are all under existing EU asset-freezes and visa-bans for…

[newzzwired]

Russian fertiliser billionaire pushes for ammonia exports

Russian fertiliser billionaire pushes for ammonia exports

The influential sanctions-hit Russian fertiliser billionaire Dmitry Mazepin has called on global commodities traders to unblock a UN-brokered deal to resume shipments of ammonia, the fertiliser ingredient seen as essential for alleviating a global food crisis. The UN wants exports of Russian ammonia through a Ukrainian pipeline to be resumed in order to ease global fertiliser prices, while EU…

[coinrehberim]

Rusya gübre ihracatını dünyaya genişletmeye hazır

Rusya gübre ihracatını dünyaya genişletmeye hazır

Rusya, gübre ihracatını dünya pazarlarına genişletmeye hazır. APA’nın Moskova muhabirine göre, Rusya Devlet Başkanı Vladimir Putin, “Uralkhim” in kurucusu Rusya Sanayici ve Girişimciler Birliği’nin mineral gübreler komisyonu başkanı Dmitry Mazepin ile yaptığı görüşmede bunu söyledi. Başkan, “Uralkhim” in dünya pazarındaki en büyük oyunculardan biri olduğunu kaydetti. “Bazı ülkelerin yarattığı…

[danielfuckingricciardo]

The link to the source article can be found here

But the general gist is that Haas Automation, the company owned by Gene Haas, has reportedly been exporting goods (tools such as lathes and CNC machines for the metalworking industry) via their Russian arm of the company, Abamet Management LTD, to sanctioned entities in the Russian military, despite claiming to have ceased trade following the outbreak of war with Ukraine.

Gene Haas alleges that they cut ties with their Russian distributor on March 3rd 2022, however, it is claimed that shipments were made to the country as late as October 2023.

The article states that ‘Abamet had a lot of customers within the Russian military industrial complex, including the sanctioned entities. And we even can see the description of the actual products that were shipped by Abamet to Russian-sanctioned enterprises.’

In addition to this ‘The Ukrainian authorities further believe Haas continues to help maintain the equipment already sold to Russian defense firms with spare parts and software updates.’

A few things worthy of note in regards to Haas F1 team:

- Firstly, this in no way implicates Guenther Steiner, Kevin, Nico, or any of the F1 team at all. This connection lies between Gene Haas and his company Haas Automation. However, it’s impossible to say how this may impact the team if significant financial sanctions are placed on Gene Haas and his company in response to this by the US government.

- As far as I can tell, there is also no link between this and former sponsor Uralkali or Dmitry Mazepin. Uralkali are a manufacturer of fertilisers and have been officially sanctioned by the EU alongside their majority shareholder (Mazepin Sr) and his son (Nikita Mazepin) since March last year. (Also side note - Mazepin Sr’s seized yachts in Italy did disappear in January which is something else shady… but not completely relevant here. Just thought I’d mention it. You can read more about it here)

If the connection is confirmed between Haas and Abamet, it is likely that the US government will have to intervene on behalf of Ukraine. Haas Automation is also a major supplier to the US government, however, so it will be interesting to see just what sanction is placed on the company if this connection is officially confirmed.

This is as much as I was able to find on the subject I’m afraid, and I wasn’t able to look into Haas Automation and their connection with Abamet in more detail as all the websites I could find were in Russian! This article is the only other mention of this that I could find but it pretty much re-hashes the same information as the original PBS article.

If anyone has anything else they can add to this, or any corrections/amendments to what is stated above please do correct me and I’ll be sure to reblog those corrections!! I don’t want to spread misinformation but help people to understand what’s going on and just how bad this is!!