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Carriage building plant in Kremenchug stopped production due to debts

Ukraine

The Government of Ukraine ordered wagons from KVSZ for Ukrzaliznytsia, planned funds for this, and the railway from the end of 2021 to November 2022 was unable to issue payment orders and transfer them to the State Treasury Service of Ukraine.

Carriage building plant in Kremenchug stopped production due to debts

Kryukov Carriage Works (KVSZ, Kremenchug) got into debt and stopped production due to a lack of working capital resulting from untimely payments for delivered products from Ukrzaliznytsia, said Vladimir Prikhodko, Chairman of the Supervisory Board of KVSZ PJSC, in his column on the public on the political Internet portal Censor.net.

“We have received a big problem, which we cannot solve yet, although we are knocking on all doors, including the Cabinet of Ministers and the President of Ukraine,” said V. Prikhodko.

According to him, JSC Ukrzaliznytsia did not pay off PJSC KVSZ for 66 passenger cars out of 85 manufactured and delivered: the debt for part of the deliveries back in 2021 and completely for the entire 2022 was not repaid. Now Ukrzaliznytsia owes the plant more than 1.4 billion hryvnia, the head of the supervisory board noted.

“Before, we set the task of promptly fulfilling the decision of the President of Ukraine Volodymyr Zelensky dated March 5-6, 2020, when he, being in Poltava and Kremenchug , initiated the contract for the supply of 100 passenger cars for budgetary funds and accepted the supply of diesel trains in full according to the contract between UZ and KVSZ for the manufacture of 6 units. Despite everything, we have fulfilled these tasks,” V. Prikhodko stressed.

He also noted that the KVSZ team is ready to fulfill new tasks, but in cooperation with Ukrzaliznytsia, and not in confrontation with it.

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