You're reading: Prosecutors seeking to return Dnipropetrovsk river port to state ownership

Dniprovska environmental prosecutors' office has uncovered evidence of the illegal appropriation of Dnipropetrovsk River Port's state property (piers, quays and other facilities) worth about Hr 4.5 million by a subsidiary of the Ukrrichflot shipping company.

As the press service of the Public Prosecutor General’s Office said, the Dniprovska environmental prosecutors’ office on March 27, 2012, filed a claim at Dnipropetrovsk region’s economic court in the interests of Ukraine’s Infrastructure Ministry and state-run Administration of River Ports to demand that the abovementioned property be returned in state ownership.

Ukrrichflot was created in 1992. It is one of the largest transportation companies in Ukraine. It consists of Dnipropetrovsk, Zaporizhia, Chernihiv, Mykolayiv and Kherson river ports, and Zaporizhia and Kherson shipyards.

Its fleet includes mainly bulk carriers used for sea and river transportation. The company operates shipping in the Mediterranean Sea, the Black Sea, the Sea of Azov, the Baltic and North Seas, and along the Rivers Danube, Southern Bug and Dnipro.

Since August 2007, Ukrrichflot has been part of businessman Kostiantyn Hryhorishin’s Energy Standard group of companies.