Obolon Corporation (Kyiv), a large beer and beverage producer in Ukraine, is not able to manage its asset in Crimea – public joint-stock company Sevastopol beverage plant.

"Our problem is Sevastopol beverage plant. Our assets in the east [of Ukraine] were not so big, but we do not have access to them and cannot assess the amount of damage," Director for Corporate and Development at Obolon Andriy Yareshnko said at a meeting of the parliamentary committee for industrial policy and entrepreneurship.

He said that the company is not able to supply products to Crimea: Russian technical regulations for raw materials and finished products are being applied. Additionally, the company has failed to supply raw materials to the plant via the Russian border, and supplies to Russia through the Kerch Strait are complicated.

He said that the corporation cannot lease the plant, adding that if the plant is leased it is unclear how it would operate as Russian Roubles are used in Crimea.

The corporation wanted to sell the plant, however the State Commission for Securities and the Stock Market of Ukraine in March 2015 terminated shares transactions for all issuers registered in Crimea, he said.

He said that the mechanisms for settling issues of Crimean assets of Ukrainian companies should be urgently drawn up, or the assets will be seized.

Obolon Corporation is one of the largest Ukrainian producers of beer, soft drinks, mineral water, and is the country's largest exporter of beer.

The corporation consists of the main plant in Kyiv and nine companies in the regions.

Its main brands are Obolon, Carling, Zlata Praha, Bitburger, Hike Premium, Zibert, Desant, Zhigulevskoye, Yachminny Kolos, Zhivchik and Prozora. The corporation also produces the low alcohol drinks Rio, Gin-Tonic, Cherry Whiskey, Rum Cola and Brandy Cola.