KIEV, March 24 - The pretrial financial readjustment proposed by top managers of public joint-stock company Ukrnafta intended to solve the company's financial problems will not bring the desired outcome, the A-95 consulting group said.
"The financial readjustment will not bring the desired outcome. It will achieve one goal – to introduce a moratorium on satisfaction of creditors' claims. The largest creditor is the State Fiscal Service. It is unknown how Ukrnafta's top managers plan to pay the tax debt of UAH 10 billion to the national budget," the group said in a press release.
The group said that the roots caused the bad state of Ukrnafta should be identified before plans are devised to address the company's financial predicament.
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