According to the people’s deputy Konstantin Zhevago, controlling Ferrexpo, the construction of the electrometallurgical plant Vorskla Steel near the town of Kremenchug has been postponed for 10 years.

The reason is the economical inexpediency of the construction.

“The government claimed the gas would be cheap. But now it’s expensive. There is no sense for us to construct the plant with such a price. Perhaps, the situation will change in 10 years”, he said.

At the same time the plant is paying a large tax for the land. (Ukrainian metal)

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