Supreme Court satisfied NABU claim on invalidation of agreements of purchasing petroleum products at 2.94 billion UAH

On August 14, 2018, the Cassation Commercial Court of the Supreme Court (hereinafter - the Supreme Court) satisfied the petition of the National Anti-Corruption Bureau of Ukraine (NABU) to Public Joint-Stock Company (PJSC) Ukrnafta and to the Limited Liability Company (LLC) Kotlas for invalidating 60 agreements of purchasing petroleum products for the total amount of 2.94 billion UAH. In particular, the Supreme Court upheld the decision of the appellate court according to the suit filed by the NABU to PJSC Ukrnafta and LLC Kotlas on the invalidation of the abovementioned agreements.

Thus, the PJSC "Ukrnafta" (50% + 1 share belongs to NJSC "Naftogaz of Ukraine", 100 % state-owned) received the legal grounds for refunding 2.94 billion UAH in order to recover damage.

The NABU claim is based on the materials of the criminal proceedings investigated by the NABU Detectives since August, 2016, as of the facts of allegedly abuse of office by the officials of PJSC Ukrnafta and a number of commercial companies in order to seize crude oil in the total amount of more than 7.7 billion UAH.