Zaporizhstal has faced difficulties with its project of the new converter shop construction due to its inability to access foreign financial markets.
“Taking into account our political and economical situation, all the Western entities have closed the credit limits for Ukraine. Without such credits it would be almost impossible to finish the project”, said the company CEO Rostislav Shurma.
As the payback of the project could be up to some dozen years, Zaporizhstal cannot take a 20% loan.
“We need a 3-4%, or 5% loan at best”, he added.
According to him, every second company of Ukraine has faced the similar problem of accessing foreign financial markets. (Ukrainian metal)