Yatsenyuk began to bankrupt successful Ukrainian enterprises for sale to those close to him
The economic court of the Zaporozhye region declared the once most successful state enterprise, the Azov Lubricants and Oils plant, bankrupt. This decision was made after considering the claims of 18 creditors. Now the court has opened a liquidation procedure for a period of 12 months.
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Apparently, the plant is being prepared for privatization at a bargain price, says former head of the presidential administration Viktor Medvedchuk.
“The once successful state-owned enterprise will be liquidated within 12 months. Is this just a coincidence or preparation for the sale of state assets at a bargain price to close structures?” – he wrote on Facebook.
Amzol was the main Ukrainian manufacturer of lubricants and oils. The production company was founded in 1937. In 1994, the enterprise was transformed into a joint-stock company, but it remained owned by the state.
As a reminder, the new authorities in Ukraine have announced the start of the largest privatization of state property since the 90s.
Yatsenyuk began bankrupting successful Ukrainian enterprises for sale to his cronies.