Business news from Ukraine

Business news from Ukraine

Port deblocking would bring Ukraine at least $20 bln in foreign currency revenues – opinion

17 March , 2023  

A blockade of Ukraine’s ports would boost foreign currency revenues from product exports by at least $20 billion, according to Alexander Vodoviz, head of the project office of Metinvest’s general director.
“We’re picking up crumbs from the table, but we’re not seeing the big pie,” Vodoviz said at Forbes’ Exporters Summit.
Vodoviz urged asking questions about port de-blockades at meetings with the U.N. “There is some movement in that direction, but it’s not enough,” he added.
“Metinvest is a vertically integrated group of mining and metallurgical companies. Its enterprises are located in Ukraine – in Donetsk, Lugansk, Zaporozhye and Dnipropetrovsk regions, as well as in Europe.
The major shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%) that manage it jointly.
Metinvest Holding LLC is the management company of Metinvest group.

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