New investor to pay off Vneshtorgservis salary debts in 6 months

June 11, 2021 13:34 // Updated: June 11, 2021 13:35

Donetsk, Jun 11 – DAN. Enterprises, which used to operate under Vneshtorgservis management since 2017, are going to pay off salary debts in six months, the joint statement of the Republics’ heads Denis Pushilin and Leonid Pasechnik reads.

The Republics announced on Friday that a new unnamed investor is taking over major industrial enterprises of the region due to the challenging economic situation.

“The new investor has assumed responsibility to settle the debts in accordance with endorsed schedule, first payments by key republican enterprises are expected by June 11.”

“The investor plans to ensure stable operation, development and modernization of the production facilities of the Republics’ industrial giants,” the statement reads.

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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