Ukraine’s Richest Billionaire On Upending Putin’s Expectations, One Year Into Russia’s War by KerryDolan
to help his country fight back against the war launched by Russia on February 24, 2022, promising to spare no expense. Since then, attacks by Russian soldiers have not only led to an estimated 100,000 dead or injured in Ukraine, but also have laid waste to some of Akhmetov’s holdings in the country. Russian forces destroyed key plants owned by his mining and steel firm Metinvest and ravaged substations of his power generation firm DTEK.
RINAT AKHMETOV: The war is going the way Putin has never expected. He did not expect that Ukraine could withstand. But Ukraine has held out, liberated half of the territory occupied by his criminal troops and is heading towards victory. He did not expect that the Western world would stand united: yet the West is united as never before in supporting Ukraine. It has been providing economic and military assistance and imposing unprecedented sanctions.
How would you describe the state of your companies? One estimate is that Metinvest, your steel company, is operating at 30%-50% of its capacity. Is that accurate? Are you able to pay your employees? How many do you have? Can you estimate how many have left Ukraine? And how many have died? We are doing everything we can to help our military to hold the line, and civilians to survive. One year into the war, SCM businesses, my foundation and FC Shakhtar [the professional soccer team in Donetsk] have donated US$150 million in aid to help Ukraine and Ukrainians. Our assistance includes body armor, vehicles, equipment and fortifications for the Ukrainian Defence Forces, medicines and other humanitarian aid for civilians, and efforts to keep critical infrastructure up and running.
To do this, we need to restore full control over the entire Ukrainian territory and receive reparations from the Russian Federation, which is what our legal team is busy with now. In addition to the application that I have filed with the European Court of Human Rights, SCM’s assets affected by Russia’s aggression against Ukraine have filed more than 60 claims with the ECHR.
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