DPR, LPR announce new investor of major industrial enterprises – joint statement

June 11, 2021 13:32 // Updated: June 11, 2021 13:32
Фото: ЕМЗ

Donetsk, Jun 11 – DAN. The DPR and LPR have reached an agreement with a new investor to finance and develop key industrial enterprises in Donbass, the joint statement of the Republics’ heads Denis Pushilin and Leonid Pasechnik reads.

 “In light of the challenging situation at industrial complexes transferred under the management of the Vneshtorgservis company, where delays in salaries have become chronic, Republican authorities were faced with a task to find a new investor. At this point, the Governments have finalized negotiations with representatives of an investment group that will provide finance and development of metal and coxed coal enterprises currently under Vneshtorgservis management.”

The most important condition of the new arrangement is to pay off all debts, first of all, in salaries.

The total sum of the investment has not been disclosed.

On February 27, 2017 DPR and LPR then-Heads Alexander Zakharchenko and Igor Plotnitskiy demanded that Kiev lifts the blockade of the region by March 1, 2017. As Kiev failed to fulfill the demand, an external management was introduced at 43 Ukrainian enterprises.

Among the Ukrainian companies were such industrial giants as Enakievo Steel Plant and its Makeyevka branch, Khartsyzsk Pipe Plant, Yasinovsky Coking Chemistry Plant, Dokuchaevsk Flux-Dolomite Complex, Konzern Stirol, DTEK enterprises, DonetskStal Steel Plant, Komsomolets Donbassa mine, Zasyadtko mine, Zuivskaya thermal power station. The halt of coal export from Donbass to Ukraine forced Kiev authorities to declare an emergency in power industry. A number of major enterprises suspended operation.

Later, some of the enterprises under external management were transferred to Vneshtorgservis. *ot

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