We're fighting for every asset

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27.10.25

Ivan Gerasymovych, CEO of Smart-Holding, frankly told delo.ua about how the Group functions in unprecedented crisis caused by the war and the blocking of key businesses due to personal legal conflicts.

What's going on:

A drop in a key financial indicator: from $140 million to $2-5 million.
Internal financial support is the only way to keep assets afloat after the gas production business is blocked.
Why the Ministry of Justice does not recognize the transfer of assets to a trust.
As a company, Veres achieved a positive financial result thanks to the reorganization and the reliance on exports.
What caused the drop in gas production from 400 million cubic meters per year to 60 million cubic meters per year and how it affects the country's energy security.

About the struggle for shipbuilding assets, about the loss of a place in the management of Kharkivoblenergo and about how long the Holding can hold out on internal resources.

"Our priority is survival. We are not talking about big profits now," is the main message that reflects the current situation.

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Previous news We are ready to launch gas production within 48 hours and give the country up to 20 million cubic meters of gas/month - Ivan Gerasimovich, CEO Smart-Holding Next news We need to distinguish sanctions against individuals and the work of enterprises operating in Ukraine, paying taxes and supporting energy independence

18.12.25

The State Budget of Ukraine Received 41% Less Taxes from Smart Holding in the First 9 Months of 2025

As of January–September 2025, the Group’s companies paid 543 million UAH in taxes, which is 41% less than in the same period last year (915 million UAH). This reduction occurred, among other reasons, due to increased government pressure and the blocking of gas production assets of the publicly listed British company Enwell Energy.

17.11.25

Ukraine imports gas, while blocking its own fields

Ukraine has gas, but cannot produce it. Not because of the war. Not because of missiles. Due to the decisions of state bodies.

07.11.25

We need to distinguish sanctions against individuals and the work of enterprises operating in Ukraine, paying taxes and supporting energy independence

Today, the Ukrainian energy sector lives between two realities: On the one hand, there is an urgent need for its own gas, on the other hand, there are legal norms that actually stop those who can provide this resource.