Ukrainian oligarch Rinat Akhmetov’s key energy company DTEK announced the restructuring of its $750 million and $160 million Eurobonds, which are set to mature in 2018 (Interfax-Ukraine, December 1). One of the main reasons for the company’s continuing financial troubles has been the war in Ukraine’s eastern region of Donbas (Donetsk and Luhansk provinces), which has caused extensive damage to local energy transmission infrastructure as well as disruptions in the supply of coal and other business operations.
The war has also affected Akhmetov’s mining and metals giant Metinvest. Operations of its key coke producing facility, the Avdiivka Coke and Chemical …read more
Source: The Jamestown Foundation