The Ukrainian Metal

Ukraine: EMSS not to go bankrupt

The commercial court of Donetsk region has refused to open a bankruptcy case against Energomashspetsstal on the demand of the national energy company Naftogaz Ukrainy.

The claim was submitted by the Naftogaz daughter company – Gaz Ukrainy.

On April 22, 2015 the commercial court of Zaporozhye region ruled to recover over 12 million UAH from EMSS in favor of Gaz Ukrainy.

On May 10, 2016 the court prolonged the term of recovery for 1.5 years.

As of September 7 EMSS has partially paid its debt in the amount of 6 million UAH. (Ukrainian metal)

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