Ukraine: VEB not Zaporizhstal shareholder

The Russian Vnesheconombank (VEB) is not a Zaporizhstal shareholder. “VEB is not our shareholder, you can look at our shareholders register”, the company CEO Rostislav Shurma answered, when asked about the VEB decision to create a separate subsidiary company containing all the metallurgical assets. When asked who owned the second stake apart from Metinvest, he…

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Ukraine: Mariupol Ilyich CEO against Ukrzaliznytsia Polish managers

The Mariupol Ilyich Iron and Steel Works CEO Yuri Zinchenko has again severely criticized the Polish top-managers of Ukrzasliznystia and their idea to increase transportation tariffs in 2017. “The least favorable forecasts have come true. The decision to increase prices for cargo transportation next year has been officially confirmed. The tariffs will increase by 25%”,…

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