Kryvy Rih Iron Ore Plant in January-October of this year reduced the production of marketable underground iron ore by 28.3% compared to the same period last year, to 1.903 million tonnes.
Businessman Ihor Kolomoisky may become a third party in the case pending by the High Anti-Corruption Court (HACC) on the suit of Ukraine's Ministry of Justice against sanctioned citizens of the Russian Federation Alexander Babakov, Yevgeny Giner, Mikhail Voevodin and others on the confiscation of their assets, in particular the share of the Kryvy Rih Iron Ore Plant.
Ukraine has imposed sanctions against dozens of foreign companies associated with Russian individuals that own large assets in Ukraine - for example, Kryvy Rih iron ore plant, the hotel chains Reikartz and Premier, some of these assets have already been seized, but the sanctions open the way to their confiscation.
Kryvy Rih Iron Ore Plant cut production of commercial iron ore from underground mining by 60.9% year-on-year to 135,000 tonnes in January 2023, Ukrainian media reported, citing the enterprise's information.
The shares of Kryvy Rih Iron Ore Plant owned by the Ukrainian businessman have changed the owner, NV Business reports, citing the London court decision.