Media: Amkodor Nationalized By ‘For Service Use’ Minsk City Executive Committee Decision

• 15.03.2025, 10:59

A non-public document appeared in the press.

On Friday, March 14, it became known about the alleged nationalization of Amkodor. This company was previously owned by one of Lukashenka's “moneybags” — businessman Aliaksandr Shakutsin. The publication's conclusions were based on the fact that information about the company's shareholders disappeared from the Unified State Register of Companies and Individual Entrepreneurs (USR).

Zerkalo published a document confirming that Amkodor now has a temporary external manager — OJSC BELAZ.

Zerkalo got hold of a power of attorney that OJSC BELAZ issued to Amkodor's CEO Vadzim Zhuk on March 3, 2025.

The document states that BELAZ is the temporary external manager at Amkodor. The basis for this is also indicated — the decision of the Minsk City Executive Committee for official use dated January 3, 2025. It was signed by BELAZ Director Siarhei Lesin.

The power of attorney gives Vadzim Zhuk the right to sign and certify on behalf of Amkodor, as well as to authorize dealers to buy the company's products.

On March 14 it became known that information about Amkodor shareholders disappeared from the Unified State Register. The register also does not contain information about Aliaksandr Shakutsin, who owned the majority of Amkodor shares.