The Kyiv shipyard Kuznya on Rybalsky (formerly Leninskaya Kuznitsa), which belonged to former President Petro Poroshenko, took out a loan of UAH 528.98 million under state guarantees, and does not pay it off.

According to the agreement, back in 2017, the loan funds were provided by the state-owned Ukreximbank to increase the state's defense capability.

The company had money: in 2017, its profit increased 2.2 times (by UAH 10.123 million), and reached 18.621 million. The total income then grew at a faster pace - 6.6 times (by UAH 658.1 million), to UAH 776.2 million.

In August 2017, Kuznya on Rybalsky transferred part of the capacities to its subsidiary Stroy-Renovatsiya. According to the state register of legal entities, the founder of Stroy-Renovatsiya is the same plant Kuznya on Rybalsky, and its ultimate beneficiaries are Poroshenko and MP Igor Kononenko.

In July 2020, the Ministry of Finance, as a guarantor for the loan, paid Ukreximbank UAH 101.77 million. UAH 81.38 million was the payment on the body of the loan for January-May this year, and another UAH 19.85 million - interest for January-April, as well as UAH 539 thousand - a penalty.

At the end of March 2017, the shareholders of the Leninskaya Kuznitsa shipyard renamed the enterprise into Kuznya on Rybalsky Plant and changed the form of ownership to a private joint-stock company (PJSC).

It is known that 49% of the company's shares belonged to the closed non-diversified corporate investment fund Prime Asset Capital (Kyiv), which was indirectly owned by Petro Poroshenko. And another 49% of the shares were controlled by Igor Kononenko through closed non-diversified corporate investment fund Vik.

In October 2018, Evins Limited (Cyprus), which affiliated with businessman Sergei Tigipko, bought 94.03% of the shares of the Kuznya on Rybalsky shipyard.

The Kuznya on Rybalsky shipyard specializes in the production of chemical tankers, dry cargo vessels, container ships, fishing freezer trawlers, special-purpose vessels, boiler units, and ship repair.

Andrey Pshenichnyi for dubinsky.pro