The Ukrainian Metal

Ukraine: Prominvestbank trying to get 1.4 billion UAH from Donetskstal

The Commercial Court of Donetsk region is reviewing the claim of Prominvestbank to Yasinovsky By-Product Coke Plant on the recovery of $41.6 million and 353.4 million UAH of the debt on the loan according to a contract concluded in 2011.

The bank bases its claims on a non-fulfillment of its debt obligations by the Savi LLC, the borrower, with Yasinovsky Plant being the guarantor.

Yasinovsky Plant is a part of Donetskstal Group. (Ukrainian metal)

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