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Rada intends to introduce a moratorium on recovery of debts from “Chernomorneftegaz”

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Verkhovna Rada intends to introduce a moratorium on recovery of debts from “Chernomorneftegaz”. The corresponding decision was supported by 240 deputies.

We are talking about bill No. 5370 on amendments to some legislative acts of Ukraine to harmonize the activities of the State joint stock company Chernomorneftegaz in connection with temporary occupation of the territory of Ukraine .

“The moratorium will enable the Society to regain control over at least part of the lost assets, to establish control and to restore the working condition of the vessels, which are located in Mexico and Brazil and was not lost due to the annexation of the Crimea, to begin the development of offshore fields of the Black sea, from which the actual access, which is essential for the energy independence of Ukraine and PJSC “Chernomorneftegaz” is the only enterprise in Ukraine, which has experience of production of hydrocarbons from offshore and specialized on such activities”, – stated in the explanatory note to the document.

Note that in the wording of the first reading of the moratorium is proposed to establish until January 1, 2019, but in the course of the discussion, a proposal was made to extend the moratorium until the end of the occupation of the Crimea.

During the moratorium are subject to stop enforcement proceedings and measures of enforcement of decisions concerning the enterprise and also legal measures to implement the decisions that are made by organs of the income and charges, banks and other financial institutions. It is also subject to lifting of earlier imposed arrests on movable assets of the company.

The act proposed to extend to enforcement proceedings opened before the entry into force in order to stop and unblock the Companies.

The project also proposes that a special permit to use subsoil granted to the company in areas located in the temporarily occupied territory, the validity of which ended in the period of temporary occupation shall be deemed to have extended the term of its effect on the period of temporary occupation.

Broadcasting the meeting of Parliament, see here.

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