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Smart Energy Group is forced to stop the implementation of development programs totaling UAH 3.2 billion. These are investments in Ukrainian subsoil, which were planned for 2025 and included drilling new wells, construction and modernization of production facilities. Due to the suspension of special permits for hydrocarbon production and, as a result, the blocking of the work of the group's companies, further implementation of the group's production program is not possible. 

We will have to import more at European prices, but where will the money come from? While our own Ukrainian enterprises want to work but cannot.

By 2022, the company was steadily supplying the market with quality products, supporting hundreds of jobs and paying millions of hryvnias in taxes. Thanks to the modernization of production in 2021, the company achieved record production volumes and made a significant contribution to the implementation of the state programs "Great Construction" and "Great Restoration".

“Personal sanctions against the Holding’s beneficiaries should not affect the operations of a company that can produce gas for Ukraine at a time of severe wartime shortages, nor should they impact the livelihoods of thousands of employees,” Ivan Herasymovych stated during a live broadcast of “Business Breakfast” with Volodymyr Fedorin.

Yesterday, the CEO of Smart Holding, Ivan Herasymovych, took part in “Business Breakfast”, where he discussed the key challenges and future prospects of the company amid the war and the state’s unjustified sanctions policy.

Due to ill-considered and inconsistent decisions by state authorities, Smart Energy group is forced to once again stop the operation of one of the largest private gas producing enterprises - Representative Office of Regal Petroleum Corporation Limited, which is 100% owned by British public company Enwell Energy and operates in Poltava region. Before shut down, wells of the company produced a total average of 210,000 m3 of natural gas, 35 tons of condensate, 25 tons of oil and 19 tons of liquefied gas per day.

According to the results of 2024, the businesses of the Smart Holding Group paid over 1.2 billion UAH in taxes to various levels of budgets. These funds have become an important contribution to supporting the economic stability and resilience of Ukraine amid the ongoing war.

In total, since the beginning of the full-scale invasion, Smart Holding companies have transferred nearly 8 billion UAH to the state and local budgets.

Additionally, nearly 3 billion UAH was directed towards humanitarian aid for Ukrainian communities in the regions and support for the Armed Forces of Ukraine.

Among the largest taxpayers within the holding are:

• Smart Energy Group of Companies (gas production sector) – over 900 million UAH
• Agro-food Group of Companies "Veres" – over 150 million UAH
• Smart Maritime Group (shipbuilding and ship repair) – about 10 million UAH.

"We continue to support Ukraine’s economy by diligently fulfilling our obligations to the state. Hydrocarbon extraction, tax payments, job creation, and attracting international investments – this is our strategy aimed at supporting, developing, and securing the future of the country. Despite all the challenges we face today, Smart Holding businesses remain true to their values and principles, working for the dignified future of Ukraine and its citizens," said Ivan Herasymovych, CEO of Smart Holding.

As one of the largest private investors in Ukraine, Smart Holding not only fulfills its obligations to the state and shareholders but also actively works on attracting international investments in reconstruction projects and the development of critical sectors of the country's economy, such as energy, industry, and food production. We are especially focused on restoring a favorable investment climate and creating conditions and fair rules for sustainable economic growth.