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9.2 Major corporate news 9.2.6 Agriculture corporate news
Losses from the destruction of Ukraine’s largest poultry farm are estimated at $330M. Agro-holding Avangard, which owns the largest poultry farm in Ukraine, Chornobaivska, announced that Russian occupiers looted the property and removed the most valuable elements. The company reported that what could not be carried away was damaged or destroyed. The destruction and inability to maintain normal operations has led to the death of 4.4 million birds from thirst and hunger. The death of this many birds without the ability to dispose of them properly is an extraordinary event and, in fact, an ecological disaster, the report says. The company’s management clarified that the agricultural holding’s total losses resulting from Russian aggression are currently estimated at approximately $330M. Losses from the death of poultry amount to about $20M, stolen equipment worth $150M, and lost income about $160M.
9.2.11 Metallurgy & mining corporate news
● Metinvest
Azovstal demands sanctions against metal thieves. The Azovstal metallurgical plant, of the Metinvest Group once again appealed to President Zelenskyy's office to impose sanctions on companies and persons involved in the theft of Ukrainian metal products from Mariupol, a letter from the plant reads. Azovstal calls for sanctions against the Russian company Reka-More Management and its manager and against Krambol Plus and its founders and other participants. These companies were engaged in mooring ships and loading them with Azovstal’s products, which were to be received by European customers. To protect its interests, the plant turned to law enforcement agencies and filed a lawsuit with the European Court of Human Rights with a demand to hold the aggressor country accountable for damage to the company's property and assets.
62 UKRAINE Country Report January 2023 www.intellinews.com