Business news from Ukraine

UKRAINIAN PRESIDENT ANNOUNCES COMPROMISE REACHED WITH ARCELORMITTAL

Ukrainian President Volodymyr Zelensky has announced a compromise has been reached with ArcelorMittal Kryvyi Rih, a mining and metallurgical plant in Kryvy Rih.
“They officially put the position, but we found some kind of framework – as of today. Because maybe something will change, I don’t know. We signed a paper for 400 million [hryvnias] – they need to build a cancer center,” Zelensky said during a press marathon in Kyiv on Thursday.
As reported, PJSC ArcelorMittal Kryvyi Rih will allocate EUR15 million (about UAH 400 million) for the construction of an oncology center in Kryvy Rih.
At the end of July, ArcelorMittal Kryvyi Rih said that the SBU Security Service of Ukraine had conducted searches at the enterprise as part of criminal proceedings opened against the enterprise for environmental pollution under Article 441 of the Criminal Code of Ukraine (ecocide).
Before that, Zelensky criticized ArcelorMittal Kryvyi Rih for having failed to meet the deadline to improve the environmental situation in the region and called for providing targeted financial support to those who suffered from harmful emissions into the atmosphere.

,