Metinvest directs UAH 9.72 bln to Ukraine since war start, leads in exports and builds power plants – CEO
The mining and metallurgical group Metinvest has allocated UAH 9.72 billion to support the state and its citizens. Of this amount, UAH 5.2 billion is earmarked for the army's needs as part of Rinat Akhmetov's military initiative Steel Front, the company's CEO, Yuriy Ryzhenkov, said.
"In the midst of a full-scale war, Metinvest has mobilized all its resources to protect its team and the state. For more than three and a half years, our priority has been supporting the army. After all, the future of the state, industry, Ukrainian cities, and families depends on the army's defense capabilities. Within the framework of Rinat Akhmetov's Steel Front military initiative, Metinvest has allocated UAH 5.2 billion to support the army. In total, we have allocated UAH 9.72 billion to support Ukraine. We continue to work, believe in our country, and support its people on the path to victory," the CEO said.
Despite the proximity to the front and the threat of enemy shelling, the company's enterprises in Zaporizhia, Kryvy Rih, and Kamianske continue to operate at varying levels, taking security, energy, logistics, and economic factors into account.
The company noted that Metinvest's primary value is the life and health of its employees. All of the company's Ukrainian enterprises have bomb shelters equipped for long-term stays. The shelters have water, food, and medicine. Employees are trained to provide first aid and respond to emergencies associated with war risks.
Despite losing operational control of assets in Mariupol and Avdiyivka and suspending the Pokrovsk Coal Group, Metinvest remains one of Ukraine's largest exporters.
Even during the war, Metinvest is investing in the overhaul and modernization of equipment. This year, in particular, Kamet Steel is implementing a record program worth over UAH 2.5 billion.
Metinvest is also continuing its transformation towards "green" production. In collaboration with its partners, the company has announced plans to build a state-of-the-art metallurgical plant in Italy. The plant will consume Ukrainian iron ore and metallurgical raw materials, ensuring synergy between Ukraine and the EU.
The group is investing in energy independence. In July 2025, two new gas-fired electricity generators began operating at the Northern Mining and Processing Plant. In the first two months of operation, the generators produced 1,040 MWh of electricity, generating an economic impact of UAH 2.3 million. Four such units are planned for installation at the Northern Mining and Processing Plant in total.
The company states that it remains one of the largest taxpayers in Ukraine. In 2024, it transferred UAH 19.8 billion to budgets at all levels. Another UAH 9.3 billion was paid to the budget in the first half of 2025.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine - in Donetsk, Luhansk, Zaporizhia and Dnipropetrovsk regions, as well as in the countries of the European Union, the United Kingdom and the United States. The main shareholders of the holding are the SCM group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest group.
