16 Jun 2022 14:14

Belarusian oil services company Service-Oil worth UAH 4 bln seized in Ukraine – prosecutor’s office

MOSCOW. June 16 (Interfax) - The Podilskyi District Court of Kyiv has frozen a Belarusian resident company's corporate rights in the form of its charter capital of nearly 1 billion hryvni and the company's immovable and movable property worth 3 billion hryvni, the Ukrainian media quoted the Kyiv Prosecutor's Office as saying.

A law enforcement source told Ukrainian media that this was the services company LLC Service-Oil. 

"According to investigators' information, a Belarusian enterprise offering services in oil and natural gas extraction functions in the territory of Ukraine. In its activities, it uses equipment of the Belorusneft state unitary enterprise," according to a report published on Telegram.

As part of this investigation, Ukrainian law enforcement agencies are probing whether this enterprise could have helped Russia prepare and conduct its special military operation in Ukraine, it said.

The criminal case has been opened on the counts of the financing of activities aimed at violently changing or overthrowing the constitutional system or seizing power, change of the borders of the territory or the state borders of Ukraine, and abuse by a legal entity of its powers.

Measures are being taken to transfer the seized assets to the National Agency for Detection, Investigation and Management of Assets Obtained from Corruption and Other Crimes.

The enterprise’s revenue was around UAH 1 billion in 2018-2019, UAH 675 million in 2020 and UAH 530 million in the first three quarters of 2021.