Ministry of Justice (Ukraine)

3000 jobs at risk in Ukraine as Smart Holding's gas operations are suspended by authorities

Retrieved on: 
Thursday, May 18, 2023
Workforce, State, Justice, Office of the President of Ukraine, London Stock Exchange, Security Service of Ukraine, Smart, Tax, Vadym Novynskyi, Ministry of Justice (Ukraine), USD, Ministry, Security Service, London, Risk, Seizure, Cryptocurrency

Taking into account the latest asset freezes and operational hurdles, over 3,000 Ukrainians face losing employment as businesses belonging to Smart Holding operations across a number of key industries were subject to restrictive measures.

Key Points: 
  • Taking into account the latest asset freezes and operational hurdles, over 3,000 Ukrainians face losing employment as businesses belonging to Smart Holding operations across a number of key industries were subject to restrictive measures.
  • Assets worth over US$280 million are currently frozen, including rights to over 40 enterprises as well as licenses to 30 gas wells.
  • The seizure includes the assets of Smart Energy Group in the Kharkiv region, where production licenses were now suspended, and all activity has been stopped.
  • The suddenly halted operation of a number Smart Holding businesses, including in the strategically vital gas production sector, puts the workforce of entire factories and operations at risk.

3000 jobs at risk in Ukraine as Smart Holding's gas operations are suspended by authorities

Retrieved on: 
Thursday, May 18, 2023
Workforce, State, Justice, Office of the President of Ukraine, London Stock Exchange, Security Service of Ukraine, Smart, Tax, Vadym Novynskyi, Ministry of Justice (Ukraine), USD, Ministry, Security Service, London, Risk, Seizure, Cryptocurrency

Taking into account the latest asset freezes and operational hurdles, over 3,000 Ukrainians face losing employment as businesses belonging to Smart Holding operations across a number of key industries were subject to restrictive measures.

Key Points: 
  • Taking into account the latest asset freezes and operational hurdles, over 3,000 Ukrainians face losing employment as businesses belonging to Smart Holding operations across a number of key industries were subject to restrictive measures.
  • Assets worth over US$280 million are currently frozen, including rights to over 40 enterprises as well as licenses to 30 gas wells.
  • The seizure includes the assets of Smart Energy Group in the Kharkiv region, where production licenses were now suspended, and all activity has been stopped.
  • The suddenly halted operation of a number Smart Holding businesses, including in the strategically vital gas production sector, puts the workforce of entire factories and operations at risk.