Switzerland-based Ferrexpo said it needs more time to finalize its full-year 2024 financial results due to recent developments in Ukraine and ongoing discussions with the firm's auditors concerning its subsidiary, Ferrexpo Poltava Mining (FPM).
Last week, the State Bureau of Investigation in Ukraine (SBI) said that a Kyiv district court had ordered the transfer of 49.5% of FPM's corporate rights to Ukraine's Asset Recovery and Management Agency (ARMA), according to Ferrexpo's separate release.
The European Bank for Reconstruction and Development (EBRD) is providing a new unfunded portfolio risk-sharing facility to ProCredit Bank Ukraine to unlock €60 million in financing to support energy security for Ukrainian businesses and households.
Ferrexpo said it was forced to shut down two of its pellet production lines following a decision by the Ukrainian tax authorities to impose sanctions on Ukrainian oligarch Konstantin Zhevago and suspend VAT refunds.
The following news article was produced in a partnership between Ukraine Rebuild Newswire and top 10 global law firm CMS. Much of the article is based on CMS' "Prosthetics Market in Ukraine" report, available here. Some 60,000 Ukrainians have lost limbs in three years of war,
Today's Contents Reporter's Notepad: * Riley Risk recommends companies in east prepare contingency plans amid heavy fighting, possible Ukrainian territory loss Just The Facts: * Ukraine to ask EU to delay introducing carbon border tax, trade envoy says * Ukraine's finance minister discusses reconstruction opportunities with Canadian
Current Regional Status Overview Region Current Risk Level Change Factor Key Triggers North MODERATE Degrading Incursion into Sumy Oblast East HIGH Degrading Tactical Disadvantages / Land South HIGH Degrading RU Offensive ZP / KHER West MODERATE No Change Missile / Drone Strikes Current Infrastructure Status Energy Food/Water Medical Communications Transportation ONLINE ONLINE
Ukraine's Economy Ministry is preparing an official request to the European Commission to start formal talks on postponing the introduction of the Carbon Border Adjustment Mechanism (CBAM) for the war-torn country, The Odessa Journal reported on Wednesday, citing Ukraine's Deputy Minister of Economy and Trade Representative
