Commenting on the announcement, Yuriy Ryzhenkov, Chief Executive Officer of Metinvest, said:
“Since the onset of the full-scale invasion in 2022, Metinvest has now repaid two series of bonds, bringing total repayments under this instrument alone to nearly US$600 million. These repayments have been made despite the material impact of the war on the Group’s business model, including the loss of operational control or suspension of operations at certain assets in Ukraine. In this context, the Group continues to operate in a highly challenging environment.”