Luhanskteplovoz

[10] After becoming part of state owned property following Ukrainian independence the process of privatising the company put under consideration in 2005,[12] in 2006 potential shareholders were OJSC Demikhovsky Machine-Building Plant, DniproVagonMash, OJSC Marganets Ore Mining and Processing Enterprise, CJSC Management company Bryansk Machine-Building Plant.

[15] The then president Viktor Yushchenko believed that the Ukrainian people had been defrauded, with the business being sold for a fraction of its true worth.

[16] The then prime minister Yulia Tymoshenko also called for a review of the privatisation of Luhanskteplovoz[17] along with two other enterprises Dniproenergo and Nikopol Ferroalloy Plant[18] and BYuT MPs petitioned the Prosecutor General's Office for criminal proceedings to take place concerning alleged criminal activity by the heads of the State Property Fund.

[20] From uncertainty over the eventual status of Luhansteplovoz is said to have prevented the then owners Transmashholding from making further investments in the plant.

[22] It was expected that the company would be attempted to be re-privatised included in the 2008 privatisation scheme,[22] but instead the auction process started March 2010.

[3] Due to the war in Donbas it became difficult to deliver components from Germany and the United States to the Luhansk plant by February 2015.

[3] According to the Luhansk People's Republic representatives the looters had used fake contracts to carry out the illegal dismantling and removal of plant equipment.

[4] REGNUM claims production was halted in 2016 because Transmashholding was afraid international sanctions (in place since 2014 in response to the escalating War in Donbas) could jeopardize its cooperation with Siemens.