The court ordered Rosneftekhim to change the name associated with Russia
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The Arbitration Court of Bashkiria ordered the closed joint-stock company “Innovative Industrial Company “Rosneftekhim”” to change its corporate name, removing the prefix “Ros” from it at the request of the inter-district inspectorate of the Federal Tax Service.
According to the inspection, the abbreviation “Ros” in the name of the closed joint-stock company is “a stable well-known letter combination, shortened from the words “Russian”, “Russia”, causing a strong association of the consumer with the participation of the state in the activities of the organization. The company does not have permission to use this combination, the text of the decision says.
ZAO Innovative Industrial Company Rosneftekhim, according to SPARK-Interfax, was registered in Ufa in 2004. Specializes in the trade of solid, liquid and gaseous fuels. Belongs to Dmitry Semenov. In 2021, sales revenue amounted to RUB 579 million, net profit – RUB 43.6 million.
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