Business news from Ukraine

“Nasosenergomash” is to be transferred to Energoatom’s management – ARMA

5 May , 2024  

JSC Sumy Plant of Pumping and Power Engineering Nasosenergomash and JSC Research and Design Institute of Nuclear and Power Pumping are to be transferred to the management of NNEGC Energoatom.

As the Agency for Finding, Tracing and Management of Assets Derived from Corruption and Other Crimes (ARMA) reported on Facebook, a roadmap for the transfer of the seized assets to NNEGC is being developed following consultations with the Ministry of Economy and other authorities.

The transfer of property will take place in accordance with the procedure provided for in Article 21 of the ARMA Law (Peculiarities of Asset Management in Exceptional Cases).

As reported, Nasosenergomash shares were seized on June 2, 2022.

The owner and ultimate beneficiary of Nasosenergomash through the controlled H.M.S. Capital Limited is a citizen of the Russian Federation, Vladimir Lukyanenko, the founder and one of the shareholders of the Russian group Gidromashservice, which supplies equipment for various industries, including the military-industrial complex of the Russian Federation.

,