President Volodymyr Zelensky has said that the government is going to to confiscate Russia's stake in Zaporizhstal, one of Ukraine's largest metallurgical enterprises.
The President clarified that he imposed restrictive measures on 41 people - 13 individuals and 28 legal entities - with the help of which the Russian Federation retained control over the enterprise and "harmed our economy."
Volodymyr Zelensky stressed that the Russian share will now "work for Ukraine and Ukrainians."
Zaporizhstal has four main shareholders: Metinvest B.V. (47%), Global Steel Investments (12.3%), Midland Capital Management (11.2%) and Kyiv Securities Group (24.5%).
Three shareholders of Zaporizhstal were sanctioned for 50 years: Global Steel Investments, Kyiv Securities Group, Midland Capital Management, and the state-owned Russian corporation VEB.RF
