PJSC "Ukrnafta", the manager of the seized Glusco gas stations previously owned by collaborator Viktor Medvedchuk, has transferred UAH 21 million to the budget.

Thus, the company has fulfilled the terms of the management agreement and transferred guaranteed payments to the state budget of Ukraine for several months.

"Both sides reached a compromise, and the state treasury and, accordingly, the state and people of Ukraine benefited from it," commented the Head of ARMA Olena Duma. - "ARMA and PJSC "Ukrnafta" have jointly unblocked the way for effective management of the property of collaborator Viktor Medvedchuk, whose assets will now contribute to strengthening Ukrainian statehood, not destroying it.

Accordingly, the ARMA withdrew its initiative to the Cabinet of Ministers of Ukraine to terminate the management agreement with PJSC "Ukrnafta" for the Glusco gas station network."

The Asset Recovery and Management Agency and "Ukrnafta" also signed a joint merger application to the Antimonopoly Committee of Ukraine. After receiving the approval of this state body, the asset manager of Glusco will be able to start actually managing numerous gas stations, paying taxes and creating jobs.

The strategic mission of the National Agency is to effectively find, trace and manage seized property and ensure stable, predictable revenues to the state treasury amid russian aggression and budget deficit.

Prior to PJSC "Ukrnafta", Medvedchuk's seized property was managed by "Naftogaz Oil Trading" LLC, which received the management of gas stations and real estate on May 13, 2022 under a special procedure ("Cabinet of Ministers' Decree No. 385-r"). After an inspection in 2023, the National Agency found Glusco's asset management to be inefficient and asked the Cabinet of Ministers to change the manager. On September 12, 2023, the Cabinet of Ministers agreed with the ARMA's proposal to transfer Medvedchuk's assets to PJSC "Ukrnafta" under a special procedure (Order No. 797-r).