Aluminium Plant Podgorica

Russian Tycoon Sues Montenegro Over Aluminum Plant

Russian billionaire Oleg Deripaska's Central European Aluminium Company, CEAC, is suing Montenegro for "hundreds of millions of euros" over the failure of its plant in the capital Podgorica, the firm said in a statement on Monday.

The statement said the case will be heard in Cyprus, where the Russian company has its headquarters.