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How to ensure the effectiveness of sanctions against the aggressor state without paralyzing your own economy?

21.05.2025

Ivan Gerasimovych, CEO of Smart-Holding, joined the round table "Ukrainian Bowels Under Sanctions and Arrests: Challenges, Conclusions, Future", organized by the NADRA.info. They talked about the main thing: how to ensure the effectiveness of sanctions against the aggressor state without paralyzing their own economy. One of the key topics was the situation around Smart-Holding's gas production enterprises in Poltava and Kharkiv regions, which were forced to stop operations due to sanctions legislation.

Here comes a light! After two months of enforced darkness, power supply has been restored in the Korabel district (Kherson) thanks to the efforts of the SMG team

07.05.2025

Problems with power supply arose after the massive shelling of Kherson on February 17. As a result of the damage, 3 thousand residents were left without electricity for an indefinite period.

Who owns Smart Holding today?

05.05.2025

There are still widespread misconceptions in society about the ownership structure of Smart Holding. We explain transparently and clearly 


Asset management is carried out through international trust structures - Smart Trust and Step Trust.

 The role of the Ultimate Beneficial Owners of the Trusts according to international registers is performed by the trustees, citizens of the Republic of Cyprus and 2 legal entities registered under the laws of Cyprus. Each of them supports Ukraine, including publicly demonstrating their position. For example, Andreas Sophocleous, as a representative of the trust, has focused on charity since the beginning of the full-scale war and takes care of the families of refugees from Ukraine in Cyprus 
What is a trust? 
- A trust is an asset management tool that guarantees transparency and control. 
- Management decisions are made by professional managers (trustees) in accordance with the rules of international law. 

IMPORTANT! 
 ❗️Vadim Novinsky is NOT a beneficiary or owner of Smart Holding. He is historically the founder. He will not receive any dividends from the activity of the assets after the transfer of assets to the Trust and it does not affect the business. 
❗️In 2023, the company completed the planned reform of the company's corporate governance. The agreement to transfer assets to the trust is irrevocable and does not provide for any benefits for the founder of the Trusts. That is, it completely eliminates even the hypothetical desire of the founder to return the assets to himself. 

 In April 2023, the Ministry of Justice, guided by the appeal of a private individual, unilaterally removed the Cypriots and returned the founder. In 2024, the Supreme Court recognized such actions of the Ministry of Justice as illegal. And in April 2025, the Ministry of Justice once again considered the appeal of two years ago and recognized it as groundless. But the Ministry of Justice is still ignoring the implementation of the Supreme Court's decision 

 We act openly. We are ready to document each fact. 
Smart Holding is a Ukrainian business that works honestly and transparently for Ukraine.

UAH 3.2 billion of investments in Ukrainian subsoil stopped due to blocking of special permits

10.04.2025

Smart Energy Group is forced to stop the implementation of development programs totaling UAH 3.2 billion. These are investments in Ukrainian subsoil, which were planned for 2025 and included drilling new wells, construction and modernization of production facilities. Due to the suspension of special permits for hydrocarbon production and, as a result, the blocking of the work of the group's companies, further implementation of the group's production program is not possible. 


Currently, two companies of the group (Representative Office of Regal Petroleum Corporation Limited in Poltava region and Prom-Enerho Product in Kharkiv region) are in forced downtime. The validity of three special permits for hydrocarbon production held by the group's companies was suspended on November 15, 2024, by order of the State Geological Survey of Ukraine in implementation of the NSDC Decision on the application of sanctions against the group's current beneficiaries - EU citizens, Cypriot trustees.

Thanks to the resumption of gas production, Ukraine will be able to prepare better for the next winter

07.04.2025

We will have to import more at European prices, but where will the money come from? While our own Ukrainian enterprises want to work but cannot.

Smart Granite: a story of challenges and the fight for the right to work

31.03.2025

By 2022, the company was steadily supplying the market with quality products, supporting hundreds of jobs and paying millions of hryvnias in taxes. Thanks to the modernization of production in 2021, the company achieved record production volumes and made a significant contribution to the implementation of the state programs "Great Construction" and "Great Restoration".

Gas, Metal, Prosecutor’s Office – Ivan Herasymovych at the Forbes “Business Breakfast” with Volodymyr Fedorin.

27.03.2025

“Personal sanctions against the Holding’s beneficiaries should not affect the operations of a company that can produce gas for Ukraine at a time of severe wartime shortages, nor should they impact the livelihoods of thousands of employees,” Ivan Herasymovych stated during a live broadcast of “Business Breakfast” with Volodymyr Fedorin.

Yesterday, the CEO of Smart Holding, Ivan Herasymovych, took part in “Business Breakfast”, where he discussed the key challenges and future prospects of the company amid the war and the state’s unjustified sanctions policy.

Smart Holding Paid UAH 1.2 Billion in Taxes to Ukraine’s Budget in 2024

18.03.2025

In 2024, businesses within the Smart Holding Group contributed over UAH 1.2 billion in taxes to budgets at various levels. These funds have been a vital contribution to supporting Ukraine’s economic resilience amid the ongoing war.

Since the beginning of the full-scale invasion, the Group’s companies have paid nearly UAH 8 billion in taxes to the state and local budgets. Additionally, over UAH 3 billion has been allocated to humanitarian aid for the population and support for the Armed Forces of Ukraine.


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