Contents tagged with Azovstal
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Owner of Azovstal steel plant in Mariupol says he will sue Russia over up to $20 billion in losses
Ukraine’s richest man and owner of the Azovstal steel plant in Mariupol says he plans on suing Russia over what he said was $17 billion to $20 billion in losses caused by Russia’s bombardment of Mariupol.
Rinat Akhmetov, who owns Metinvest, Ukraine’s largest steelmaker, told Ukrainian news portal mrpl.city "We will definitely sue Russia and demand proper compensation for all losses and lost business.”
Avostal and the Illich Steel and Iron Works are both owned by Metinvest and were badly …
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CEO: Azovstal had prepared for Russian invasion since 2014, but supplies may have run out
The CEO of the firm that own Azovstal Iron & Steel Works in the Ukrainian port city of Mariupol says the facility had started preparing for a possible Russian invasion in 2014, Sky News reported.
In an interview with the British news agency, CEO of the Mariupol-based mining and metallurgy group Metinvest Holding, Yuriy Ryzhenkov, said “The situation there is, I would say, a humanitarian catastrophe.”
He noted that he wasn’t sure how many people were still at the plant, but that Azovstal has …