Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 473

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 473
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ivstar to VEON. Additionally, to the extent that VEON and/or Kyivstar are deemed to be controlled by persons sanctioned in Ukraine, potential prohibitions on (i) the transfer of technology and intellectual rights to Kyivstar from VEON, renting of state property and land, and (iii) prohibitions on participation in public procurement impacting business to government revenue would apply. The ongoing war in Ukraine, and the sanctions imposed by the various jurisdictions, counter sanctions and other legal and regulatory measures, as well as responses by our service providers, partners, suppliers and other counterparties, including certain professional service providers we rely on, and the consequences of all the foregoing, have negatively impacted and, if the war, sanctions and such responses continue or escalate, will continue to negatively impact aspects of our operations and results. The war has directly and indirectly resulted in the following events and conditions that may raise substantial doubt on the Company’s ability to continue as a going concern: •The current events in Ukraine may pose security risks to our people, our facilities, our operations, and infrastructure, such as utilities and network services, and the disruption of any or all of them could significantly affect our business, financial conditions and results of operations. The conflict has also had a marked impact on the economy of Ukraine. However, since the beginning of the war, a significant majority of Kyivstar’s network infrastructure has been operating effectively and disruptions in service have been limited to specific areas where the conflict is most intense. It cannot be ruled out that the conflict and related damage could escalate within Ukraine. •We may need to record future impairment charges, which could be material, if the conflict continues or escalates and/or due to macroeconomic conditions. It is possible further impairment charges may rise to a level as to require additional analysis to determine the true value of assets as outlined in the provisions of our debt agreements and in the worst scenario, when the true value of assets is lower than the liabilities, could require early repayments of our long term debt. F-33 VEON Holdings B.V.
GENERAL INFORMATION ABOUT THE GROUP (cont.) 1GENERAL INFORMATION (cont.) •March7, 2025, the Company continues to conclude that neither VEON Ltd. nor any of its subsidiaries is targeted by sanctions imposed by any of the United States, European Union (and individual EU member states) and the United Kingdom. However, the interpretation and enforcement of these new sanctions and counter -sanctionsmay result in unanticipated outcomes and could give rise to material uncertainties,