KIEV, May 11 – The Odessa region's appeals court on May 10 upheld the decision of the Yuzhne city court on satisfying a motion by Ostchem [owned by Dmytro Firtash] on implementing the ruling of the Stockholm Arbitration Court to collect $193 million in debts from the Odessa Port-Side Chemical Plant (OPP), not including fines and penalties, according to acting head of Ukraine's State Property Fund Dmytro Parfenenko.

"The Odessa region's appeals court yesterday declined all our appeals and motions and left in force the ruling of the Yuzhne city court … This opens the door to the potential bankruptcy of the OPP, a key enterprise in the region," he said.