A number of media reported that on February 7 the Oleg Mkrtchan, CEO of the Industrial Union of Donbass, was detained in Moscow. The corporation has no information on the reasons of the detainment. Sources say the detainment might have something to do with the embezzlement of funds. (Ukrainian metal)
The chairman of the Vnesheconombank Sergey Gorkov said that the strategy on the Industrial Union of Donbass corporation was developed last year. “Some time is needed to carry it out. The Fund of investment assets appeared as a part of this strategy implementation. Has this strategy not been implemented, that would have been a really…
The Kiev administrative court of appeals has allowed the Executive Service to once again arrest the funds of the Industrial Union of Donbass on its account in Prominvestbank in the amount of 37.407 million UAH. In September 2016, the Ministry of Justice Executive Service opened a case of recovery of $1.485 million from IUD in…
The Industrial Union of Donbass has enumerated its financial and manufacturing losses (of Alchevsk, Dneporvsky Iron and Steel Works, as well as steel plants in Europe) because of the Donbass railroad blockade from February 13 till March 6. During this period of forced idleness Alchevsk Iron and Steel Works did not produce 128.1 thousand tons…
The Industrial Union of Donbass has named the manufacturing and financial losses of its Alchevsk and Dneprovsky Iron and Steel Works, as well as EU steel works due to the railroad blockade in the ATO zone. According to ISD, on February 13, Alchevsk Works, Alchevskkoks and Ecoenergia stopped operating. The companies stopped producing pig iron,…
The Industrial Union of Donbass corporation calls unto the Cabinet of Ministers, the Ministry of Finances, the State Fiscal Service and the Ministry of economy to pay attention to the catastrophic conditions of VAT reimbursement. “Last time VAT was reimbursed in November 2016. As of today the state debt to Dneprovsky Iron and Steel Works…
All the Sergey Taruta words on the National Bank of Ukraine and its management are his own position as an individual, and the Industrial Union of Donbass management and shareholders have nothing to do with them. ISD has no dealings in the social and political activities nor is it involved in public correspondence with the…
The Commercial Court of Kiev stated that the Industrial Union of Donbass companies debt to Metinvest Holding was 8.46 billion UAH, while Metinvest claimed 24.51 billion UAH. The court has decreased Metinvest claims in all three suits: two to Dneprovsky Iron and Steel Works named after Dzerzhinsky and one to Alchevsk Iron and Steel Works.…