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Introduction of sanctions (regardless of whether they are legally applied to a citizen of Ukraine or not) should deprive the aggressor state of resources, instead of harming the State of Ukraine, its economy and citizens. With this message Ukrgazvydobutok company from Smart Energy Group appealed to the National Security and Defense Council of Ukraine, the Cabinet of Ministers of Ukraine, the Ministry of Economy, the Ministry of Energy and the Ministry of Social Policy in connection with the ongoing deterioration of negative consequences caused by suspension of the special permit for production of hydrocarbons at Ostroverkhivske field owned by the company.

CEO of Smart Holding Julia Kiryanova on sanctions against the founder of the company, seizure of property, investments during the war and future of post-war Ukraine in an interview with RBC-Ukraine.

Since the beginning of the full-scale war, Smart Holding Group, including the ownership share in Metinvest, has donated almost USD 41 million (or UAH 1.3 billion) to help Ukraine. The key areas of assistance from the holding company are support for the Armed Forces of Ukraine and internally displaced persons, as well as socially important facilities.

Smart-Holding Group continues its humanitarian projects and provides assistance to the Armed Forces of Ukraine.

Companies of Smart Holding Group paid UAH 900 million in taxes and fees to budgets of all levels in the first quarter of 2023.

Some politically connected players may be using the war as an opportunity to enrich themselves and plunder commercial rivals.

Smart Energy Group, facilities of which are located in Kharkiv and Poltava provinces, has provided 50 mln UAH of charitable aid since the beginning of russian aggression, of which almost 46 mln UAH went for support of the Armed Forces and Territorial Defence.

Due to suspension of special permits of private gas production companies Ukrgazvydobutok and Prom-Energo Product of Smart Energy Group for hydrocarbons production at Ostroverkhivske and Vasyschivske fields, the State and local budgets have already lost almost 110 million UAH, and the energy system – 12.4 million m³ of gas. Unless operation of companies is resumed in the near future, by the end of 2023 alone the State will have lost another 1.3 billion UAH of taxes and 135 million m³ of gas.

The Ministry of Justice of Ukraine, under pressure from the SBU (Security Service of Ukraine), once again violated international and Ukrainian legislation and forcibly returned Vadym Novynskyi to the ultimate beneficiaries of the companies of the Smart Holding Group, grossly violating the rights of the Cypriot trustees.

LLC Arkona Gas-Energy, which is Ukrainian asset of public British company Enwell Energy and part of Smart Energy Group, for the third time confirmed its legal rights to develop Svystunkivsko-Chervonolutske field.