As a result of the cassation complaint submitted by JSC Ukrgasvydobuvannya, the Supreme Court of Ukraine resolved to suspend the order of Pivnichnyi Commercial Court of Appeal concerning collection from the Company of more than UAH 215 mln., that the Company considered unlawful and appealed.

The mentioned resolution by the Supreme Court is the basis for suspension of enforcement process by the private executor, under which the funds of the Ukrgasvydobuvannya accounts were restrained, and thus, the operation of Ukrgasvydobuvannya has been blocked.

Under the enforcement proceeding on the execution of the order of Pivnichnyi Commercial Court of Appeal dated October 07, 2019, the accounts of JSC Ukrgasvydobuvannya remain blocked until now.

The Company hopes that the private executor will duly perform his lawful duties and suspend the enforcement process as to the enforcement proceeding in such a quick way (within a day) as he blocked the accounts under the mentioned enforcement proceeding.

It should be remembered that Ukrgasvydobuvannya applied to the Office of the President and the Cabinet of Ministers of Ukraine to inspect the actions of the employees of the Deposit Guarantee Fund of Individuals of Ukraine and take measures to prevent unlawful collection from JSC Ukrgasvydobuvannya in favor of LLC FC Fingroup Factor of the amount exceeding UAH 215 mln., due to probable illegal acts of the Fund.