The mining and metallurgical group Metinvest has signed a new seven-year loan agreement worth 20 million euros with the Black Sea Trade and Development Bank (BSTDB), strengthening its long-standing partnership with the international financial institution.
According to a press release, the agreement was signed by Oleksiy Sobolev, Ukraine’s Minister of Economy, Environment, and Agriculture, during the Ukraine Recovery Conference (URC 2026) in Gdańsk, Poland.
As noted, the financing will help strengthen the group’s energy resilience in Ukraine, specifically by installing the first solar power plants with a total capacity of 37 MW, as well as supporting critical energy infrastructure. Additionally, this will help reduce Metinvest’s carbon footprint.
The new agreement continues Metinvest’s cooperation with the China-Belarus Trade and Investment Bank (CBTIB), which began with investment loans in 2020 and working capital financing in 2024.
Metinvest CEO Yuriy Ryzhenkov emphasized that the partnership with the Black Sea Trade and Development Bank (BSTDB) reaffirms confidence in Metinvest’s long-term strategy: “This financing will help us modernize our production facilities, invest in renewable energy, and strengthen Ukraine’s industrial potential.”
For his part, CBTR President Dr. Serhat Keksal noted that the long-standing partnership with Metinvest reflects CBTR’s commitment to supporting sustainable Ukrainian companies.
“This financing will help strengthen industrial production, enhance energy resilience, and support Ukraine’s economic recovery. We also highly value our partnership with the Japan Bank for International Cooperation (JBIC), which reaffirms our shared commitment to supporting Ukraine’s recovery and sustainable development,” concluded the CEBT Chairman.
Metinvest is a vertically integrated group consisting of mining and metallurgical enterprises. Its facilities are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in the European Union, the United Kingdom, and the United States. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
