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Photo – MAN shut down two plants in Europe due to lack Ukrainian components
MAN shut down two plants in Europe due to lack Ukrainian components

Three plants of the company reduced production volumes

Photo – IMO clarified rules of insurance in the Black Sea and the Sea of Azov
IMO clarified rules of insurance in the Black Sea and the Sea of Azov

Russian insurers can be confronted with difficulties while extension the reinsurance agreements and making payments in USD

Photo – Australia to impose 35% duty on products from Russia, Belarus
Australia to impose 35% duty on products from Russia, Belarus

The country ratching up economic sanctions in response to Russian invasion of Ukraine

Photo – Zaporizhzhya Casting & Mechanical Plant partially resumed production
Zaporizhzhya Casting & Mechanical Plant partially resumed production

The company is going to master the production of spare parts for mining, and lifting machines

Photo – Ukrainian government estimates losses from Russia’s aggression at $1 trillion
Ukrainian government estimates losses from Russia’s aggression at $1 trillion

Expert’s calculations structured damage into three categories

Photo – ArcelorMittal to launch blast furnace No. 6 in April
ArcelorMittal to launch blast furnace No. 6 in April

The launch of blast furnace could take place in near future in case of normalization of raw materials supply, energy costs, and martial law

Photo – Which Ukrainian iron & steel companies continue to work (update)
Which Ukrainian iron & steel companies continue to work (update)

Today the key problems are the safety of employees and production, as well as the logistics challenges

Photo – Ukraine expects up to €6 billion support from international partners
Ukraine expects up to €6 billion support from international partners

The Ministry of Finance is engaged in negotiations with international partners about support in form of loans, and grants

Photo – Ukrainian companies lost $80 billion due to war, Ministry of Economy
Ukrainian companies lost $80 billion due to war, Ministry of Economy

In total, Ukraine ran up $564.9 billion one-time losses from the Russian invasion

Photo – Metinvest provided $500,000 for Zaporizhzhya territorial defense
Metinvest provided $500,000 for Zaporizhzhya territorial defense

The funds will be used to buy bulletproof vests, helmets, and first aid kits

Photo – Global economy expectation from Russian-Ukrainian war
Global economy expectation from Russian-Ukrainian war

Consequences of the aggression against Ukraine for the world gross product in 2022 will be at least -1% down growth, or $1 trillion

Photo – Ukraine proposes EU to block transport connections with Russia, Belarus
Ukraine proposes EU to block transport connections with Russia, Belarus

Ministry of Infrastructure advices to block transition of goods, people, and provide customs services

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