Court blocks sale of Borivazh

Instead of protecting state interests, judges of the Supreme Court of Ukraine have put at risk a major deal capable of strengthening the Ukrainian army. Nadiia Hubenko, Iryna Kondratova and Olha Krolevec, as well as Shevchenkivskyi District Court judge Olena Chaika, unexpectedly overturned the appellate court’s decision, leading to the blocking of the sale of the “Borivazh” grain terminal.

 Billions for the war – at risk
The sale of the terminal’s receivables and collateral took place on 23 December 2024 under martial law. PrivatBank found a buyer – Serhiy Tyhyipko – willing to pay 2 billion hryvnia. These funds could have been used to purchase 110,000 FPV drones or 5,000 155mm artillery shells, directly saving the lives of Ukrainian servicemen.

 Last-minute judicial block
But one day before the final settlement, judges unexpectedly overturned the appellate court’s decision in case No. 904/3756/24. Then, on 21 February, judge Olena Chaika signed a ruling to seize the terminal’s assets, effectively freezing the deal.

 Who is behind this?
Sources claim that the judges may have been influenced by former PrivatBank managers Volodymyr Yatsenko and Oleksiy Martynov – trusted associates of Ihor Kolomoyskyi, who are currently hiding abroad. This version is supported by the fact that two Supreme Court judges – Hubenko and Krolevec – were previously included on the list of dishonest candidates.

The judicial block on the sale means that funds which could have strengthened Ukraine’s defence remain inaccessible.