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Prominvestbank tried to sell Ukrzaliznytsia's credit debt to third parties.
Ukrainian state-owned railway operator Ukrzaliznytsia (Ukrainian Railways) says it will counter any attempt by Prominvestbank, Russian state-owned Vnesheconombank's Ukrainian-based subsidiary, to sell its debt.
"We warn all potential buyers that such a transaction is significantly risky. Therefore, we strongly recommend that potentially interested parties refrain from such a deal," the company's press service said on February 19.
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As reported, Prominvestbank tried to sell Ukrzaliznytsia's credit debt to third parties.
Prominvestbank is part of the Russian state-run Vnesheconombank (VEB). Ukrainian court rulings to freeze shares, as well as movable and immovable property of VEB's Prominvestbank is in effect now, the report said.
"Given the state of relations between Ukraine and the aggressor country [Russia] and taking into account sanctions imposed on Russian state-owned bank's [Ukrainian] subsidiaries by the National Security and Defense Council (NSDC) of Ukraine, Ukrzaliznytsia urges potential buyers of the said debt to refrain from participating in this transaction. It will consider any such actions as hostility towards interests of Ukrzaliznytsia and Ukraine," the press service said.
The property used as guarantees for loans in 2011 is now being considered by various courts in Ukraine. This will significantly affect the recognition and determination of the actual amount of the debt.
"Ukrzaliznytsia serviced the said debt until September 2017 and made conscientious efforts to resolve the relevant problems and disputes. However, since then there have been trials caused by Prominvestbank's aggressive actions. In this regard, some court decisions have already been made," the report said.
Ukrzaliznytsia reaffirms its readiness for a constructive dialogue on the settlement of its debt obligations on the terms of open and fair negotiations.
As UNIAN reported earlier, Kyiv's Economic Court in late 2018 partially upheld a lawsuit lodged by Joint-Stock Commercial Industrial and Investment Bank (Prominvestbank), ruling to collect from Ukrzaliznytsia US$12.85 million in debt under a loan agreement and about UAH 54 million ($471,560) in fine and interest on the loan.