Metinvest will make no large-scale investments in long-term projects in Ukraine until the country secures a considerable victory in the war with Russia. “This must not necessarily be Russia’s capitulation. But this must be a decisive moment at the end of the war, not another Minsk agreement. This must be something serious, with safety guarantees…
Metinvest has increased the military fleet of drones of the Ukrainian Armed Forces and the Intelligence Service with 300 UAVs valued at over $1.4 million. “The drones are equipped with thermal imagers and optical zoom, which allows hunting for the enemy machines and personnel even at night. They also have additional batteries, can fly for…
Metinvest B.V. has confirmed the fulfillment of its debt obligations even under the martial law. Thus, on September 1, the group made the last payment on the Eurobonds with the maturity in 2027. In this the group benefits from considerable diversification of its assets both from the view of product portfolio (iron ore concentrate, rolled…
Metinvest will resume investing in new Ukrainian assets only after the war. “Ukraine has to win decisively for the investments to be resumed,” the group CEO Yuri Ryzhenkov has said. During the war, the group is revising its strategy, but the goal remains unchanged – to become one of the key players on the European…
Metinvest has provided the Security Service special corps “A” with aid valued at 30 million UAH. The Alpha Team performs tasks in the hottest spots on the frontline. “The men from the A Center have asked us for help. Taking into account the difficulty of tasks they performed in the rear, Metinvest promised to help.…
In half a year of the war, Metinvest has sent over 1.9 billion UAH to help Ukraine. In particular, the group provides ammo for the Army, territorial defence, the National Guard, the Main Intelligence Office, etc. The group has provided 21 thousand helmets and 110 thousand bulletproof vests, most of which are produced of own…
Metinvest has developed module shelters for the military intended to strengthen trenches. To produce special structures with the size of 2×6 meters, the group has readjusted equipment and bought special steel and rolls. The shelters are made in such a way as to transport them to the front line in disassembled form and assemble on…
In January-June, Metinvest-owned mining and processing works decreased iron ore concentrate manufacture by 45% YoY, to 8.804 million tons. The decrease was the result of the Russian full-scale invasion affecting logistics. Manufacture of iron ore products dropped by 37%, to 6.188 million tons, including pellets – by 48%, to 1.861 million tons, and concentrate –…