Kyiv economic court of appeal on 12 July overturned the decision of the Economic court of Kyiv on the initiation of bankruptcy proceedings SJSC Chornomornaftogaz. About it reports a press-service NAK Naftogaz of Ukraine.

The court, in ruling on initiation of bankruptcy proceedings, did not take into account the provisions of the Law “On pipeline transport”, according to which “in respect of state enterprises carrying out activities on transportation by main pipelines and storage in underground gas storage facilities, Naftogaz of Ukraine, subsidiaries and based it companies … can’t be prosecuted for bankruptcy”.

Cancel the illegal resolution will allow the Chornomornaftogaz to continue working, in particular, for the return of lost in the Crimea assets of the company, stated in Naftogaz.

Help. In March 2014, as a result of occupation of Crimea by Russia Chornomornaftogaz lost access to production facilities and gas fields on the Peninsula and shelf. Currently, the company is registered in Kiev, is taking measures to facilitate economic activities, is engaged in restoration of lost documents and building the evidence base to the international courts against the Russian Federation. The damages caused to the Chornomornaftogaz occupation of Crimea, stated in the lawsuit of the Ministry of justice of Ukraine to the Russian Federation about recognition of the illegal occupation of Crimea and any damage caused by this occupation (business “Ukraine vs Russia”). The carrying value of lost assets is 14.9 billion.

The court overturned the bankruptcy of Chornomornaftogaz 13.07.2016

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