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GISMETEO.RU
UJ Week
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Business    

Metinvest says incurred $3.5-bln in damages from Russia’s war on Ukraine
Journal Staff Report

KYIV, June 9 – Metinvest mining and metallurgical group conducted a detailed analysis of the damage caused to the company due to the full-scale invasion of the Russian Federation into Ukraine and estimated the total losses and damage to assets at more than $3.5 billion, which will be claimed from Russia as the aggressor.

According to Metinvest's presentation at the 14th annual Emerging Markets Conference organized by J.P. Morgan, the depreciation of real estate and equipment, and the group's intangible resources due to aggression, led to a loss of $1.414 billion in profits, losses from comprehensive income – $1.154 billion, in total it is $2.568 billion.




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