Ukraine’s richest man plans to sue Russia for the bombardment of his metal vegetation

FILE Shakhtar Donetsk’s Soccer Membership proprietor billionaire Rinat Akhmetov celebrates after profitable the Ukrainian Premier League soccer match in opposition to Dynamo Kiev at Donbass-Area stadium in Donetsk, Ukraine, on Wednesday, Might 5, 2010. As a political novice operating to be Ukraine’s president, Volodymyr Zelenskyy vowed to achieve out to Russia-backed rebels within the east who had been preventing Ukrainian forces and make strides towards resolving the battle. The assurances contributed to his landslide victory in 2019. (G3 Field Information Photograph/Andrey Lukatsky, File) Andrey Lukatsky/G3 Field Information

Ukraine’s richest man plans to sue Russia for the bombardment of his metal vegetation

Victor I. Nava

Might 27, 03:03 AM Might 27, 03:03 AM

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The richest man in Ukraine is planning to sue Russia over billions of {dollars} in injury accomplished to his metal vegetation because the Feb. 24 invasion.

Rinat Akhmetov, proprietor of the Azovstal metal plant and the Illich metal and iron works in Mariupol, informed a Ukrainian media outlet on Wednesday that the Russian bombardment of his amenities has prompted tens of billions of {dollars} in injury, and he vowed to demand compensation from the Kremlin.

“We will certainly sue Russia and demand correct compensation for all losses and misplaced enterprise,” stated Akhmetov, whose Metinvest firm is Ukraine’s greatest steelmaker.

“The alternative price … as a result of Russian aggression is from $17 billion to $20 billion. The ultimate quantity might be decided in a lawsuit in opposition to Russia,” Akhmetov stated.


Akhmetov’s Azovstal metal plant has been on the heart of one in all Russia’s most brutal army operations in the course of the battle. Ukrainian troops and civilians holed up beneath the sprawling facility for greater than 80 days, sheltering themselves from Russian shells, bombs, and missiles. Earlier this month, Russia claimed that every one Ukrainian troops inside the ability had surrendered and that Mariupol was absolutely beneath Russian management.

Metinvest declared pressure majeure days after Russia’s invasion of Ukraine, asserting that it can not ship its provide contracts. An power firm owned by Akhmetov, DTEK, had as soon as offered about 30% of Ukraine’s electrical energy, however it has additionally sustained heavy injury from Russian shelling.

Akhmetov, 55, is ranked No. 687 on Forbes’s listing of billionaires, with an estimated net-worth of $4.7 billion. He reportedly bought the Villa Le Cedres mansion within the French Riviera in 2019 for $221 million, nonetheless, he stated he has remained in Ukraine because the begin of the Russian invasion.

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Regardless of the heavy toll his enterprise pursuits have taken because the begin of the battle, Akhmetov is optimistic that Ukraine will prevail.

“We consider in our nation and consider in our victory,” he stated.

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