Azovstal bankruptcy proceedings begin

22 December 2022, 01:24 PM
Azovstal (Photo:REUTERS/Alexander Ermochenko)

Azovstal (Photo:REUTERS/Alexander Ermochenko)

The Commercial Court of Zaporizhzhya Oblast has opened a bankruptcy case for the Azovstal Steelworks – previously one of the largest such facilities in the country, which had been nearly entirely devastated by the Russian siege of Mariupol.

Azovstal is owned by the Metinvest Group, a holding company belonging to Ukrainian oligarch Rinat Akhmetov.

The deadline for submission of creditors’ statements with demands to the debtor is within 30 days from the day of the official publication of the relevant notice.

Earlier, the same court initiated bankruptcy proceedings for the Illich Iron and Steel Works, also located in Mariupol. The initiator became the Avdiyivka Coke and Chemical Plant, which, like the Mariupol steelworks, are part of the Metinvest Group.

Video of day

Follow us on Twitter, Facebook and Google News

Ukraine Today
Fresh daily newsletter covering the top headlines and developments in Ukraine
Daily at 9am EST
Show more news