Business news from Ukraine

METINVEST SENDS UAH 1.176 BLN TO HELP UKRAINE DURING 70 DAYS OF WAR

6 May , 2022  

Since the beginning of the war, Metinvest Mining and Metallurgical Group has allocated UAH 1.176 billion to solve social problems of people, as well as to help the military.
Starting February 24, the group has largely restructured its operations, according to a company press release. By the decision of shareholders Rinat Akhmetov and Vadim Novinsky, in addition to supporting the economic stability of Ukraine, the company threw all its efforts into helping Ukraine and Ukrainians.
At the same time, humanitarian support for the population in several key areas has become a 24/7 job for many Metinvest employees. Thus, together with DTEK (the SCM energy business), Metinvest became one of the founders of the Saving Lives humanitarian project. The work of the project is coordinated with the Rinat Akhmetov and Vadim Novinsky Foundations.
The main objective of the humanitarian initiative was the purchase and delivery of humanitarian goods, primarily food products, from Europe to Ukraine. In two months, about 30,000 people received assistance. Thanks to charitable contributions from almost 70 companies from around the world, 1,644 tonnes of food, essential goods, hygiene products and medicines were transferred to the affected areas.
In close cooperation with the Ministry of Health, a medical assistance program was launched in Zaporizhia, Kryvy Rih, Kamianske, Pokrovsk and Avdiyivka, which combines the purchase and transfer of thousands of sets of medicines, as well as the purchase of medical equipment for hospitals and outpatient clinics. The company also donated 150 tonnes of oxygen to COVID-19 patients.

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