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. Last Updated: 07/27/2016

Mosenergo Chief Defies UES Again

Mosenergo chief Alexander Remezov on Friday banned for the second time an Aug. 31 extraordinary shareholders meeting at which the Moscow utility's largest shareholder, Unified Energy Systems, plans to replace him.

Remezov said he had the right to cancel the meeting because a Belgorod region court upheld a complaint by a minority shareholder, Vasily Kamardin, contesting the meeting's legitimacy, Inferfax reported.

The move came just one day after Remezov lifted his original ban on the meeting, which was based on a vague lawsuit by another minority shareholder in Kemerovo that was eventually overturned by a Moscow court.

UES, which owns 50.87 percent of Mosenergo, has been very vocal about its desire to remove Remezov.

"I hope that Remezov will be brave enough to leave his post without an assault," said UES board member Andrei Trapeznikov.

"I don't think this is the end of it," Interfax quoted Remezov as saying.