KHARKIV, June 25 – Ukrainian businessman Oleksandr Yaroslavsky is to continue developing Kharkiv tractor plant jointly with one of the top businessmen in Russia, Oleg Deripaska.

"I have a joint project with Deripaska," Yaroslavsky told Interfax-Ukraine, while denying reports that he had withdrawn from Kharkiv tractor plant.

He said that the plant remains under joint ownership.

He also said that at the time strategic investors arrived, the plant was in such a grave state that it was impossible to immediately bring order to the plant. He voiced hope that the situation at the plant would improve.