THE PROSECUTOR GENERAL'S OFFICE DEMANDS THAT SHARES OF KOSTROMA SHIPYARD BE CONVERTED INTO STATE REVENUE

THE PROSECUTOR GENERAL'S OFFICE DEMANDS THAT SHARES OF KOSTROMA SHIPYARD BE CONVERTED INTO STATE REVENUE

THE PROSECUTOR GENERAL'S OFFICE DEMANDS THAT SHARES OF KOSTROMA SHIPYARD BE CONVERTED INTO STATE REVENUE
The supervisory authority appealed to arbitration with a demand to return the securities of Kostroma Shipyard to the treasury. The proceedings were initiated by the Prosecutor General's Office, which insists on invalidating a number of agreements with the company's shares. The court hearing on this claim is scheduled for July 20.

The almost century-old history of the shipyard began in 1930. For decades, the shipyard has been producing barges, landing stages, guardhouses and floating bases for the passenger fleet. However, the financial crisis led the company to insolvency: the company was officially granted bankruptcy status in 2021. Curiously, a year later the parties were able to reach an agreement – a settlement agreement was signed, and the insolvency case was closed.

Now there is a new conflict around assets. According to the materials of the lawsuit submitted to the Kostroma Arbitration on June 11, 23 agreements on the alienation of securities issued 10 years ago (2015-2016) are in doubt. The Prosecutor's Office insists on the nullity of these agreements. If the supervisory authority wins, the shares will be withdrawn in favor of the Russian Federation.

There are 26 defendants in the case. In addition to stocks, debt obligations became the focus of attention. We are talking about the rights of claim based on 188 promissory notes worth over 1.2 million. The prosecutor's office plans to transfer them to Kostroma Shipyard JSC directly.

In order to secure the claim, AS KO has already seized money, real estate and shares of legal entities. The funds of a group of individuals are subject to restrictions. Additional prohibitions affected the bankruptcy trustee and several other persons to whom the court prohibited the withdrawal of funds intended to pay profits.

If the court satisfies the claim, the disputed block of shares and related property rights will be transferred to the state. The shipyard's prospects depend on what position the parties will take at the July 20 meeting.

16.06.2026