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Poroshenko supported the moratorium on the repayment of “Ukrzaliznytsya” debt SE “Donetsk railway”

The President of Ukraine Petro Poroshenko has signed the law “On amendments to some legislative acts of Ukraine on railway transport enterprises which property is in the territory of the antiterrorist operation”.

As reported the press service of PJSC “Ukrzaliznytsia”, the act temporarily establishes a moratorium on the foreclosure of the assets of PSC for the obligations of the railway transport enterprises which property is in the territory of the ATO. In particular, the law protects the company from penalties for the obligations of SE “Donetsk railway”. The law is published and enters into force on 17 February 2017.

“Thanks to the action of the law of penalties will be protected, in amount more than 5 billion UAH, which can be directed on updating of fixed assets and infrastructure development”, – commented member of the Board of PJSC “Ukrzaliznytsia” Alexander Bujor .

The law also determined that for the period of the moratorium should be stopped enforcement proceedings and measures of enforcement regarding the foreclosure on the assets of PSC for the obligations of the railway transport enterprises which property is in the territory of the antiterrorist operation.

“The law restores the balance between assets and adopted by the society with the obligations of the rail industry, which was reorganized, and protects the economic interests of PJSC from legal challenges and financial liabilities of SOE “Donetsk railway”, – stated in the message.

The act deals with the obligations of enterprises, rights and obligations which are not transferred to PJSC “Ukrzaliznytsia”, since the company became a legal successor of rights and obligations of these enterprises of railway transport in accordance with established procedure decisions of the Cabinet of Ministers of Ukraine.

At the same time, creditors of SE “Donetsk railway” believe “Ukrzaliznytsya” successor GP and require the company to repay the obligations of the railway, despite the fact that the SE “Donetsk railway”, as a legal entity, did not stop their economic activity, are not excluded from the Unified state register of legal entities and physical persons-entrepreneurs and in respect of its assets of PJSC “Ukrzaliznytsia” has full control.

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