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Ukrainian Court: Privatization of Country's Largest Steel Mill Illegal

A Ukrainian court has ruled the privatization of the country's largest steel mill was illegal.

A court in Kiev made the ruling Thursday regarding the Kryvorizhstal mill.

A consortium that included the son-in-law of former Ukrainian President Leonid Kuchma purchased the complex in June for $800 million, far less than its estimated value.

Prime Minister Yulia Tymoshenko said Wednesday that some 3,000 privatizations will be reviewed to ensure they were conducted fairly.

Meanwhile, Justice Minister Roman Zvarych is threatening to quit after less than two weeks on the job, citing efforts by businessmen to influence his ministry.

He told Canal Five television he refuses to allow businessmen who are also deputies with oil ties to interfere with his work, and said he will not allow members of the government, who he did not name, drag his family into corruption schemes.

Some information for this report provided by AFP and Reuters.