The State of Ukraine, represented by the State Property Fund, has become the owner of 25.0717% of the shares of PJSC Kryukovsky Railway Car Building Works, the company reported in the disclosure system.
On April 17, the enterprise received information from the Central Securities Depository about the execution of a ruling by the High Anti-Corruption Court regarding the confiscation of a stake previously controlled by Russian citizen Stanislav Gamzalov in favor of the state.
Previously, 25% of the shares belonged to the Austrian company OW Capital Management GmbH.
The court decision states that Russian enterprises controlled by Gamzalov—Inter Cargo Company, Metal Structures Plant, Engels Locomotive Plant, and Balakovo-Centrolit—paid more than 1.3 billion hryvnias in taxes and fees to the Russian budget in 2024. This is almost 33 times higher than the legal threshold (40 million UAH for legal entities), which constitutes a direct basis for applying the sanction of asset confiscation.
These companies either directly fulfill Russian state defense contracts or produce goods used by enterprises of the Russian military-industrial complex for the production and modernization of tanks (including at Uralvagonzavod), infantry fighting vehicles, and other military equipment.
Gamzalov acquired the shares in Kryukovsky Railway Car Building Works in 2012.
In 2022, shortly after the start of Russia’s full-scale invasion, his stake was arrested and transferred to the Asset Recovery and Management Agency (ARMA), but it was never successfully placed under management.
The Kryukovsky plant has stated that Gamzalov had no influence on the company’s operations.
The main shareholder of the enterprise remains Ukrainian citizen Volodymyr Prykhodko.
