Ukroboronprom protected from creditors

Укроборонпром защитили от российских кредиторов

The enterprises of Ukroboronprom are not allowed to pay the debts of Russian lenders

The head of state signed the law, which prohibits the forced recovery of debts of the enterprises of Ukroboronprom in favor of legal entities registered on the territory of the Russian Federation.

President of Ukraine Petro Poroshenko has signed the law on the protection activity of the enterprises of the Ukroboronprom. On Saturday, August 18, the press service of the head of state.

In particular, we are talking about companies that are owed to the “aggressor state and/or government-occupier”. The new law seeks to ensure their stable development.

It is noted that the law provides mechanisms for the protection of enterprises of the military-industrial complex included in the list of objects of state ownership, strategic importance to the economy and security of the state, from the negative effects of legal entities registered on the territory of the Russian Federation or legal entities with foreign investments.

The law introduces a ban on the enforcement of decisions, including on the recognition and enforcement of foreign judgments, debt collection on obligations, where the creditor is a legal entity of the Russian Federation or a foreign enterprise in Russia, and the debtor – enterprise of Ukroboronprom.

The document also provides for the suspension already open and the ban of opening new execution proceedings and measures of compulsory execution of decisions about collecting of debts from the enterprises of Ukroboronprom in favor of Russia.

In addition, the law introduces a ban on the implementation of proceedings on bankruptcy of enterprises of the military-industrial complex according to the statements of the Russian side.

“These restrictions apply, including the obligations, which were exchanged the parties (lender, applicant) or the assignment of the claim in which such a right has passed to any third parties, however, such a duty arose in respect of the legal entity of the aggressor state and/or the state of the occupier or a legal entity with foreign investment or foreign enterprises of aggressor States and/or state-occupier”, – stated in the message.

Earlier it was reported that the Nikolaev shipbuilding plant resumes operation. The company has repaid the arrears of wages and will significantly reduce staff.

Recall, Ukraine dropped in the rating of producers of weapons. State concern Ukroboronprom last year fell in the ranking of world arms manufacturers from 62 to 72.

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