Metinvest

NEWS
December 06, 2022

Statement of Metinvest Group on the imposition of personal sanctions by the National Security and Defense Council of Ukraine against its shareholder Mr. Vadym Novynskyi

Metinvest Group states that the sanctions imposed by the National Security and Defense Council of Ukraine against Mr.Vadym Novynskyi are personal and will in no way affect stable operations of the Group's enterprises. Mr.Vadym Novynskyi indrectly owns 23.76% of Metinvest B.V.’s shares, is not an ultimate beneficial owner of the company, and does not exercise actual control over it.

Metinvest will continue its operations, including the shipment of its products to customers and timely  payment of remuneration to its employees. Also, despite russia’s military invasion of Ukraine, the Group will not stop fulfilling all its social obligations and will continue to pay taxes, support the Armed Forces of Ukraine as part of the Rinat Akhmetov's Steel Front initiative, and aid Ukrainian civilians as part of the Saving Lives humanitarian effort. 

Over the nine months of the war, Metinvest has spent and donated UAH 2.2 billion to assist Ukraine and Ukrainians, including UAH 1.4 billion to support the country's defence forces fighting the aggressor. The Group has paid almost UAH 18 billion in taxes and fees to budgets at all levels in Ukraine over the first nine months of 2022 (including associated companies and joint ventures).

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