Business news from Ukraine

Business news from Ukraine

Co-owners of EVA and Varus chains to supply food to Armed Forces of Ukraine

18 May , 2024  

UT Company, created by co-owners of EVA and Varus chains Valeriy Kiptyk and Ruslan Shostak, has won a tender of the State Logistics Operator (DOT) for the supply of food to military units in one of Ukraine’s regions, the press service of Terwin Group reports.

“Ukrainian Transparent Company has committed itself to supplying food to military units in one of Ukraine’s regions by offering the best conditions at the tender held by the State Logistics Service. This is a pilot project that will last for two months and will significantly save the state budget,” the press release says.

The company did not disclose the cost of the tender. According to Shostak, the company aims to help the state make the procurement process transparent and efficient.

“Our main task is to restore trust in the state and business pride in cooperation with the authorities. And I want to emphasize that we supply products directly from domestic manufacturers to soldiers without extra charges; we finance all administrative costs on our own, we do not add them to the price – this is our contribution,” Shostak was quoted as saying in the press release.

According to Forbes Ukraine, the supplies will be delivered to military units in Zaporizhzhia region.

As reported, in October 2023, 17 companies managed by Shostak, employing a total of 30,000 people, merged into TERWIN. These are Omega LLC, Rusch, Tervin Group, Tixid, Tavria Hub, Mizhtneva, Formsite, Digamma, Milton Group, Saltora Plus, Firm Ariant, Novoe Stroitelstvo 2017, Altair D, Apex H, Aspect D, Lattero, and the Ruslan Shostak Charitable Foundation. The total assets of the corporation are estimated at $1.6 billion. The total revenue of the companies in the pre-war period reached $2 billion, and in 2023 it was expected to reach $1.7 billion.

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