KIEV, May 26 – The RusAl company (Russia) will challenge in the Higher Economic Court of Ukraine a verdict of Kiev Economic Court of Appeals, which upheld a ruling of the court of lower instance on the cancellation of an agreement on the sale and purchase of a 68.015 stake in opened joint-stock company Zaporizhia Aluminum Smelter (ZAlK) and the return of the stake to the state.

"RusAl will use its right of appeal against the verdict in Higher Economic Court of Ukraine. The situation concerns long-standing litigation. The plant still belongs to RusAl - this is not the nationalization of the plant," reads a report of the ZAlK's press service in response to a request of Interfax-Ukraine on Friday.