Arabs sued the subsidiary of more than 200 million hryvnia

Арабы отсудили у Укргаздобычи более 200 миллионов гривен

The company requires to remove the arrest from the accounts of the company.

The economic court of Kiev has satisfied the claim of the Arab energy Alliance to recover from the subsidiary 231.6 million UAH, which the company owes the investor since 2012. Then the State Executive service of the Ministry of justice has arrested all accounts of the subsidiary, the press service of the company.

The company noted that this decision has been appealed to the Kyiv appeal economic court. “Ukrgasdobycha declares attempt, OOO Arab energy Alliance to seize the funds of the company in the amount of 231.6 million UAH, which has already led to the arrest of all accounts of the company and could jeopardize the production activities of the largest gas company of Ukraine”, – is told in the message.

The company added that the subsidiary and the Arab Alliance energy entered into a joint venture agreement in 2004, but in 2014 it lost its power.

In turn, the President of the Arab energy Alliance RAID BU Khamsin believes that the situation is due to unfair work of the previous management of state-owned companies.

“Not our company tries to seize the funds of the subsidiary and the state-owned company has assigned our property for 4 years and refused to return it, ignoring the laws and court decisions”, – quotes the Khamsin Business capital.

Recall that the company last year compared to 2015 year net profit of 11 billion 766,559 million UAH (77.9%) – up to 11 billion 919,6 million.