You're reading: State fiscal service distrains Ukrnafta’s assets worth Hr7.6 billion as tax lien

The State Fiscal Service of Ukraine has distrained assets worth Hr 7.6 billion belonged to public joint-stock company Ukrnafta as tax lien, the press service of the State Fiscal Service has reported.

“The State Fiscal Service has distrained assets of Ukrnafta making it a tax lien. As of Sept. 14, 2015, the total sum of distrained assets is Hr 7.6 billion… the head office is permanently working on the additional distraining of assets, that is crude oil and gas, wells, property, vehicles, etc,” reads the report.

The service said that Ukrnafta’s debt to the budget is over Hr 8 billion.

As reported, the State Fiscal Service restructured debts of Ukrnafta for five months at 36 percent per annum.

National joint-stock company Naftogaz Ukrainy owns a 50 percent plus one share stake in Ukrnafta, while the group of companies related to the shareholders of PrivatBank holds about 42 percent of the shares.