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.
