The Corporation “Industrial Union of Donbass” (ISD) declared cessation of all investment projects in Ukraine, the chairman of board of directors Serhiy Taruta informed. He specified that the investment projects on modernization and development of production at “Alchevsk metallurgic works” demanded 2 billion dollars of investments and “Dneprovsk metallurgic works” – 1.2 – 1.5 billion dollars.

Taruta underlined that practically all enterprises of this industry are close to cessation. “There is no demand for our products,” he explained.

He also noted that the enterprises involved into the realization of investment programs of development have big investment portfolio of Western credits. “There is a big risk that the credits will be called back,” Taruta pointed out.


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