11 January 2025

Railcars with Russian ore on the Odesa Railways did not sell at a discount

(Photo: Prozorro.Sale)

The National Agency of Ukraine for Finding, Tracing and Management of Assets Derived from Corruption and Other Crimes (ARMA) has declared the second auction for the sale of iron ore pellets stored in railway cars in the village of Stari Shompoly in Odesa region to be a failure.

According to Prozorro.Sale, 158 railroad cars were put up for sale.

They are combined into one lot with the railroad cars that are at the stations:

Theauction was to take place on January 10, with a halved starting price of UAH 12 million 965,300 thousand.

Prior to that, the auction scheduled for December 20 with a starting price of UAH 25 million 930.5 thousand was not held. The cargo in question belongs to the Russian group of companies Holding Company Joint Stock Company Metalloinvest (Holding Company Joint Stock Company Metalloinvest).

"Metalloinvest is one of the largest mining and metallurgical holdings in Russia. It comprises mining enterprises (Lebedinsky and Mikhailovsky mining and processing plants) and metallurgical enterprises (Oskol Electrometallurgical Plant and Ural Steel). Metalloinvest also owns 80% of Hamriyah Steel, a steel plant located in the United Arab Emirates.

The entrepreneurs imported iron ore to Ukraine and planned to ship it by sea to third countries for sale.

However, they failed to sell the goods. Law enforcement officers found the raw materials at a railway station of the Odesa Railways and seized them during searches.

Кирило Бойко

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