PPC claims damages from the Russian Federation

In particular, on December 19, 2024, the Commercial Court of the Poltava Region will begin consideration of PPC's next claim against Russia for compensation of UAH 122 million in damages. The losses were caused by the shelling of the company's production facilities, which suffered from kamikaze drone attacks.
In November of this year, PPC has already secured a positive decision in a case against Russia, in which the company was awarded compensation in the amount of UAH 44 million.
"The company is restoring the destroyed facilities on its own, without asking for help from the state. In addition, PPC continues to actively support the Ukrainian Defence Forces. Since the beginning of the full-scale invasion, one of PPC's shareholders, JKX Oil & Gas, has allocated more than UAH 210 million to support the Defence Forces," the statement said.
The company also noted that in connection with the Group's joining international sanctions against Russia and financing the Armed Forces of Ukraine, the courts of the aggressor country recognized JKX Oil & Gas as part of an extremist association that harms the national interests of Russia. The Group's property in Russia was confiscated.
The Group's main oil and gas production assets are concentrated in Ukraine and Hungary. As of December 2024, the British Crown, represented by the Government of the British Virgin Islands (BVI), was the largest shareholder of JKX Oil & Gas with a stake of over 36%.