Society

As long as the war continues, the risk level is too high for private investors - Yuri Ryzhenkov in an interview with La Repubblica

To spread: the biggest challenge for Ukraine is now a labor shortage, and for private investors - military risks that make it impossible to attract investment. This was told by Metinvest Group Yuri Ryzhenkov in an interview with the leading Italian media La Repubblica in the fields of Ukraine Recovery Conference (URC) in Rome. He expressed gratitude for 10 billion euros, the allocation of which Ukraine was agreed during the conference.

At the same time, he noted that this amount is not enough to recover, and attracting private investment is practically impossible. "I can only thank Europe for the funds provided. But 10 billion is only 2% of what we need to rebuild the country. And as long as the war continues, the level of risk will remain too high to attract private investors. Only support from institutions is not enough," Ryzhenko emphasized.

He also said that the most scarce resource for the company is employees: only 4,000 vacancies have been opened in Metinvest. Another 8,000 employees serve in the Armed Forces - a fifth of all staff.

"As a company, thanks to our director of sustainable development and interaction with staff Tatiana Petruk, we are actively working to provide employment opportunities for veterans returning from the front, as well as women and young people, because they are the future of our country," he is convinced. According to Ryzhenkov, during the war, Ukrainians demonstrated impressive resistance and ability to adapt: and those who remained in Ukraine learned to move forward even in the hardest times.

"All Ukraine opened the West as never before. And although it may take several years to join the European Union, a break with the East has already taken place," Ryzhenkov summarized. It is known that Metinvest Rinat Akhmetov is one of the largest investors in the Ukrainian economy: since February 24, 2022, the company has invested more than UAH 28 billion in investment.