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27 Jan
00:00

Ukraine's Ilyich and Azovstal bosses list operating obstacles

The bosses of Ukraine’s Ilyich Iron & Steel Works and Azovstal have told their workers that the two Metinvest companies, “have almost run out of working capital to purchase raw materials. [This is the] result of an unprecedented drop in global prices for iron ore and metallurgical products, the hostilities in Donbass and the non-transparent VAT-refund policy of the current government,” says Metinvest. According to Yuriy Zinchenko, general…
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