Economy

Court returns Odesa port elevator worth over UAH 260 mln to state ownership

Odesa region's economic court has returned Odesa port elevator worth more than UAH 261.3 million to state ownership.

The ruling passed by the court on August 1, 2018, recognized the Cabinet of Ministers as the owner of the complex, the Sudova Vlada Ukrayiny portal (court.gov.ua) said in an announcement.

In addition, the court invalidated the decision on state registration of rights, according to which for PJSC State Food and Grain Corporation of Ukraine had a registered right of private ownership of the asset.

The government in August 2010 decided to create the State Food and Grain Corporation of Ukraine. The corporation has a chain of branches, comprised of grain storage facilities, flourmills, fodder factories and a cereals factory. The 53 subdivisions of the corporation can store a total of 3.75 million tonnes of grain, which includes the grain handling capacities of Odesa and Mykolaiv ports of some 2.5 million tonnes of grain cargo per year.

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