On 27 September the Asset Recovery and Management Agency signed an agreement with Ukrnafta to manage the assets of the Glusco filling station chain, which previously belonged to pro-Russian oligarch Viktor Medvedchuk, states ARMA website.
Under the terms of the agreement, the minimum guaranteed payment will be 5mn hryvnas. The company must also transfer 85% of its net profit to the state treasury.
Ukrnafta has recently been appointed the asset manager of Glusco. Prior to that, the network was managed by Naftogaz Oil Trading, which had a conflict with the ARMA.
Last month, the national agency reported that it was terminating its contracts with the company. They said that the results of desk audits revealed the facts of systematic provision of inaccurate information about income from asset management. Naftogaz Oil Trading denied the accusations, noting that it effectively and transparently manages its network of gas stations.