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Automatically translated version. May contain inaccuracies compared to the original.
The Eastern Appellate Commercial Court left in place the decision of the first-instance court to refuse to approve the plan of preventive restructuring of LLC Euroenergotrade. The case was considered within the dispute over the company’s obligations to creditors, in particular state-owned Ukrgazbank.
9 September 2026 of the year the court considered the appellate appeals of LLC Trade House Sokar Ukraine and LLC Euroenergotrade in Case No. 905/39/26. Following the consideration, the panel of judges did not find grounds to annul the previous ruling. Earlier the court refused to approve the proposed preventive restructuring plan. The decision noted that there are obvious grounds to believe that the plan would have no real prospect of implementation and would not ensure the prevention of insolvency or the restoration of the debtor’s solvency. What is known about the debt to the Creditor, the loan extended to LLC Euroenergotrade, became the subject of a long-running court dispute. The company has been publicly linked to businessman Yuriy Dubinsky. In 2020 year the state bank Ukrgazbank provided Euroenergotrade with a loan of over 1,2 billion UAH. The loan was secured, among other things, by accounts receivable under gas supply contracts. At that time the company was actively operating in the energy market. However, at the end of 2023 year the company stopped honoring its credit obligations, with debt to the bank growing to about 1,35 billion UAH. After prolonged court proceedings, the parties reached a settlement. However, soon the company again stopped complying with the agreed payment schedule. 29 January 2026 of the year the Donetsk region Economic Court opened proceedings on preventive restructuring for LLC Euroenergotrade. Experts believe this was an attempt to freeze repayment of the debt to the state bank and to prevent the bank from recovering the accounts receivable of “Chem Trade,” which belongs to the circle of sanctioned businessman Dmytro Firtash. In 2025 year, against a number of companies in the Dubinsky circle for sanctions regime violations and cooperation with Firtash’s companies, criminal proceedings No. 42025110000000026 were opened. The media consider that the attempt to block repayment of the debt to the state bank at the expense of the debtor’s receivables from Chem Trade could well have been carried out in the interests of sanctioned Firtash. 30 June 2026 year the Donetsk region Economic Court refused to approve the plan of preventive restructuring, noting that there are obvious grounds to believe that the proposed plan has no real prospect of execution and will not allow either to prevent insolvency or to ensure the debtor’s viability. Representatives of LLC Euroenergotrade disagreed with this decision and appealed it. 9 September 2026 year the Eastern Appellate Commercial Court considered the appellate appeals and left in place the decision of the first-instance court. Thus, LLC Euroenergotrade did not obtain judicial approval of the proposed preventive restructuring plan.
As previously reported, Ukrgazbank is intensifying work with problem assets. Over three and a half years, 8,4 billion UAH of problematic debt has been resolved.
Document: PDF proof of the original version of the news item "Суд відмовив у затвердженні плану реструктуризації "Євроенерготрейду": що відомо про справу". It records the publication content at the moment of the first scan, the preservation date and the source: RBC-Ukraine.
