Deputies establish moratorium on bankruptcy of energy companies
The law extends the moratorium on bankruptcy of certain state-owned enterprises in the energy sector for one year, until January 1, 2026.
The Verkhovna Rada of Ukraine adopted a law on Tuesday aimed at preventing the liquidation of certain state-owned enterprises in the energy sector by establishing a moratorium on their bankruptcy until January 1, 2026.
"The Verkhovna Rada of Ukraine adopted the law on restoring the solvency of certain state-owned enterprises that are in a critical state (No. 12220). The law extends the moratorium on the implementation of enforcement proceedings against state-owned enterprises in the energy sector, as well as on the imposition of arrests and the initiation of bankruptcy cases, for one year," the press service of the parliament reports.
According to the explanatory note to the bill, this concerns state-owned coal enterprises and the state-owned enterprise "Eastern Mining and Processing Plant".
"Today, the work of coal and energy industry enterprises has become important primarily from the point of view of ensuring the country's energy security in the autumn-winter period. This and the next heating seasons, Ukraine will live off its own production. Thus, the urgent task is to extend the moratorium on the bankruptcy of state-owned coal mining enterprises," the explanatory note states.
According to the lawmakers, the implementation of the bill will ensure the continued stable operation of state-owned coal enterprises under martial law and reduce social tension in mining collectives.
It is noted that the implementation of the draft law does not require expenditures from the State Budget of Ukraine.
As reported by "Ukrainian Energy", McFaul-Yermak Group proposes to halve the price of Russian oil. It is proposed to set a price ceiling of $30. It is currently $60.
