Automatically translated version. May contain inaccuracies compared to the original.
Scheme with Markups Worth Millions: Owner of Dnipro Switch Plant Taranenko Accused of New Tender Abuses
The head and owner of JSC “Dnipro Switch Plant,” Serhiy Taranenko, a former aide to Member of Parliament Yaroslav Dubnevych, has again come under scrutiny over public procurements.
He is linked both to the old case alleging possible losses to Ukrainian Railways of 93 million UAH and to new tenders at the Pivdennyi seaport.
Old scheme at Ukrainian Railways
According to NABU and the SAP, in the years 2015–2017, Yaroslav Dubnevych (then chair of the Verkhovna Rada committee on transport) organized deliveries of switch products for the “Production Support Center” branch of PJSC Ukrainian Railways through intermediaries — KRT Corporation LLC and Argo LLC. Although Ukrainian Railways could have bought directly from the manufacturer — Dnipro Switch Plant — the goods passed through a chain of companies with a markup.
Investigators believe the losses amounted to 93,28 million UAH. Among the accused are Dubnevych himself, his former aide and first deputy head of the branch Eduard Pushkarenko, as well as Serhiy Taranenko (chairman of the switch plant’s board) and his deputy Valeriy Kryachko.
In May 2026 the High Anti-Corruption Court (HACC) closed the case for the second time due to procedural violations related to pretrial investigation time limits. The SAP appealed that decision. The next appellate hearing is scheduled for 18 November 2026. According to media reports, Dubnevych is abroad.
New tenders at Pivdennyi seaport
In 2025 the State Enterprise “Pivdennyi Sea Commercial Port” held three tenders to procure switch, rail, and joint products (March, July, and September). The total expected cost was nearly 21 million UAH excluding VAT. The sole participant and winner was VKP “TAKO” LLC.
42,2% of this company belongs to Serhiy Taranenko, who is also the beneficiary of Dnipro Switch Plant — the manufacturer of the same products. SBU detectives found price inflation of 1,5–2 times, which they estimate caused damages of about 4,9 million UAH.
In March 2025 the port also announced procurement of railway equipment with an expected value above 6 million UAH including VAT. According to publications, the scheme was repeated in 2025.
“Technical error” with an award
Taranenko’s name previously appeared in a draft decree to award him the Order of Prince Yaroslav the Wise. After his role in the 93 million UAH case became known, the award was declared a “technical error.”
As of the end of October 2026, the old Ukrainian Railways case is under appellate review, and the new procurements at Pivdennyi seaport are already under investigation. Taranenko remains a central figure in both episodes — as the product manufacturer and beneficiary of the supplying companies.
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