KYIV, Nov 14 - The mining and metallurgical group Metinvest has reduced investments in the company to approximately $300 million per year from $1-1.1 billion, switching to survival mode, said the head of the office of the group's general director, Oleksandr Vodoviz, at the Dialogues on the Future forum, organized by the NV media group, in Kyiv on Thursday.

"Since the beginning of the war, we have lost 50% of our business, mainly Mariupol and Zaporizhia. Before the war, we invested an average of about $1-1.1 billion a year in our companies. We were the largest private domestic investor in the economy. Many will say that we have a capital-intensive business that requires a lot of money. Yes, but we left this money in Ukraine and developed our enterprises," said Vodoviz.