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GISMETEO.RU
UJ Week
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Business    

Metinvest liquidates assets in Russia and Belarus, plans EU investment
Journal Staff Report

KYIV, Sept 16 – Mining and metallurgical group Metinvest after the start of the full-scale war in Russia in Ukraine decided to liquidate its divisions in the Russian Federation and Belarus, due to the destruction of the Illych Iron and Steel Works and Azovstal in Mariupol, it is considering the construction of a plant in the EU and is engaged in improving the quality of products in accordance with market demands.

"After February 24, a decision was made to liquidate them [companies in the Russian Federation and Belarus]. We only have marketing assets there: Metinvest Eurasia and the Belarusian Metinvest Distribution. There are operating teams that have been given liquidation instructions," Yuriy Ryzhenkov, CEO of the company, said in an interview with NV Business.




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