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 Gerasymovych stated during a live broadcast of “Business Breakfast” with Volodymyr Fedorin.

Ivan Gerasimovych, CEO Smart Holding, took part in the discussion panel "Energy Surge" for the event "Dialogues with NV. Ukraine is Changing the World."

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.

For three years, our country has been fighting heroically for the right to be free on its own land. And throughout all this time, Smart-Holding, despite everything, has stood by the Ukrainian defenders and communities.

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.

Foreign investors, particularly from the US and the UK, are forced to account for losses due to the suspension of Ukrainian enterprises owned by the British public company Enwell Energy. This is not merely a financial blow to the business but it sends a troubling signal to the international investment community.