We propose a method for the investigation of the limiting equilibrium of elastoplastic shells with systems of interacting cracks. It can be described as follows: By using an analog of the δc-model, the elastoplastic problem is reduced to an elastic problem of the limiting equilibrium of a shell with cracks of unknown length whose lips are subjected to the action of unknown forces and moments satisfying the conditions of plasticity for thin shells. By using equations of the general moment theory of shells and the theory of generalized functions, we reduce the problem to the solution of a system of singular integral equations with unknown limits of integration and singular right-hand sides. We construct an algorithm for the numerical solution of systems of this sort supplemented by the conditions of boundedness of stresses and conditions of plasticity. We investigate crack tip opening displacements in a closed cylindrical shell with a regular system of longitudinal cracks or two transverse cracks. For a cylindrical shell with a single crack, we present an approximate relation for the determination of the critical load or crack length.