Metinvest Group has signed a new seven-year loan agreement worth €20 million with the Black Sea Trade and Development Bank (BSTDB). This was announced in a company statement.
The agreement was witnessed by Oleksiy Sobolev, Ukraine’s Minister of Economy, Environment and Agriculture. The signing took place during the Ukraine Recovery Conference 2026.
The funding will help strengthen the group’s energy resilience in Ukraine, in particular by installing its first solar power stations with a total capacity of 37 MW, as well as supporting critical energy infrastructure. Furthermore, it will enable the company to reduce its carbon footprint.
“Our cooperation with BSTDB is a vote of confidence in Metinvest’s long‑term strategy. These funds will help us modernize our facilities, invest in renewable energy, and strengthen Ukraine’s industrial base,” said the group’s CEO, Yuriy Ryzhenkov.
Dr. Serhat Köksal, President of the JBIC, noted that the long-standing partnership with Metinvest demonstrates the international financial institution’s commitment to supporting sustainable Ukrainian companies.
“Our long-standing partnership with Metinvest reflects BSTDB’s commitment to supporting resilient businesses in Ukraine. This financing will help strengthen industrial operations, enhance energy resilience and contribute to the country’s economic recovery. We also value our broader partnership with the Japan Bank for International Cooperation (JBIC), which underscores our shared commitment to supporting Ukraine’s recovery and sustainable development,” he emphasised.
Metinvest’s cooperation with the EBRD began with the raising of investment loans in 2020 and continued with working capital financing in 2024. The development of this partnership confirms the company’s commitment to the principles of sustainable development and the modernisation of production, and strengthens the group’s reputation as a reliable partner for international financial institutions.
It is worth noting that investors are already showing interest in the Ukrainian steel industry. Once the war is over, Metinvest is open to partnerships to develop its business over the next 5–10 years. This was stated by Ildar Saleev, the group’s Director of Strategy and Business Development.
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