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.
Russian missile and drone strikes destroyed sportswear brand Puma's logistics complex in Kyiv and hit other major commercial distribution facilities, prompting Ukraine's new government to announce emergency measures aimed at helping businesses maintain supply chains during the war. The attacks killed at least 10 people and
Ukraine is considering a rail corridor through Moldova to the Romanian port of Constanța as an alternative to Black Sea shipping, as Russian strikes on Ukrainian ports increasingly disrupt grain exports, Reuters reported, citing unnamed sources. Kyiv has asked Moldovan authorities for a 50% discount on the standard freight rate,
