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Main  /  News  / 
22.07.21
Reasons for the bankruptcy of ChSY
Reasons for the bankruptcy of ChSY user/common.seoImage

On 25 June 2021, the Economic Court of Mykolaiv region confirmed the liquidation of Chernomorsky Shipbuilding Yard PJSC (hereinafter referred to as ChSY).

Among the main reasons that led to the bankruptcy and further winding up of ChSY the following can be named:

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  • the crisis in the Ukrainian shipbuilding sector that was a result of the global economic recession of 2008 and the tragic events in Ukraine in 2014
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  • cessation of state financing for the corvette-class shipbuilding program
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  • unfriendly actions of Poroshenko’s authorities in order to take the company under their control and exert influence on the opposition politician Vadym Novynskyi through pressure on business.

 

To read more about the main reasons for the involuntary bankruptcy of ChSY, follow the link: https://chsz.smart-holding.com/en/.

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.