Yevgen Lyashchenko appointed Chairman of the Ukrainian Railways board

By order of the Cabinet of Ministers, on the proposal of the Supervisory Board, Yevgen Lyashchenko was appointed Chairman of Ukrainian Railways (UZ) board for a period of two years. Minister of Infrastructure Alexander Kubrakov informed about it on his Facebook page.

Prior to this appointment, Lyashchenko served as a member of UZ board and was responsible for the financial block of issues in the company.

According to Kubrakov, during the year of the full-scale invasion of the Russian Federation with the participation of Yevgen Lyashchenko, a number of changes were introduced to the UZ.

“First of all, this is the transition to direct contacts with producers of energy resources: oil products, electricity, gas. These decisions collectively saved the state billions of hryvnias. Another important achievement was the postponement of payments on two issues of Eurobonds for a total of $895 million. In particular, these and several other management decisions helped maintain the financial stability of Ukrzaliznytsia over the past two years. In a practical field, this means supporting the defense capability and economy of a belligerent state. And what is no less important is the stable payment of salaries to railway workers,” said the Minister of Infrastructure.

Alexander Kubrakov also noted three key tasks that Yevgen Lyashchenko faces.

  • Continuation of the reform of UZ, namely the allocation of separate business verticals in accordance with the field of activity (passenger, freight, production and infrastructure), compliance with European legislation.
  • Implementation of the investment program – the development of export routes and the creation of the necessary infrastructure, the electrification of the necessary railway sections.
  • The company’s exit to break-even (a plan of necessary measures has already been adopted).

As GMK Center reported earlier, on the eve, the ex-head of UZ board Oleksandr Kamyshin became a new Minister for Strategic Industries. According to Dmitry Kysylevsky, deputy chairman of the Verkhovna Rada Parliamentary Committee on Economic Development, Kamyshin will try to restart the Ministry of Strategic Industry and fill the work of the ministry with real content.

  • Industry

The UK will reduce electricity costs for industry

The UK will reduce green taxes for thousands of businesses to lower high energy costs…

Monday June 23, 2025
  • Companies

ArcelorMittal is investing €53 million in the modernization of blast furnace No. 1 in Fos-sur-Mer

Global mining and steel company ArcelorMittal has begun a large-scale modernization of blast furnace No.…

Monday June 23, 2025
  • Global Market

Malaysia extends duties on cold-rolled steel from China and Japan for another five years

Malaysia has decided to extend anti-dumping duties on imports of cold-rolled coils (CRC) wider than…

Monday June 23, 2025
  • Companies

POSCO accelerates sale of non-core businesses in China and Vietnam

South Korea's POSCO is accelerating the restructuring of its non-core overseas subsidiaries, continuing the sale…

Monday June 23, 2025
  • Global Market

China reduced iron ore production by 10.1% y/y in January-May

According to data from the National Bureau of Statistics of China (NBS), Chinese mining companies…

Monday June 23, 2025
  • Global Market

Latin American steelmakers call for regional protective measures on steel

The Organization for Economic Cooperation and Development (OECD), the Latin American Steel Association (Alacero), and…

Monday June 23, 2025