Financing will support critical industrial operations and strengthen energy resilience as Ukraine advances its recovery efforts

The Black Sea Trade and Development Bank (BSTDB) has signed a long-term financing facility of EUR 20 million with Metinvest Group during the Ukraine Recovery Conference (URC 2026) in Gdańsk, Poland.

The financing will support part of Metinvest's investment programme in Ukraine, helping maintain critical industrial operations and strengthen energy resilience at the Group's production facilities. Part of the investment programme includes the installation of photovoltaic panels with a total installed capacity of 37 MW within existing production sites

The renewable energy component will help reduce reliance on grid electricity, strengthen operational resilience during power disruptions and support the continuity of industrial production. The operation is also expected to preserve industrial production capacity, exports and related economic activity.

"Supporting resilient businesses in Ukraine remains a priority for BSTDB," said Dr. Serhat Köksal, President of BSTDB. "This financing will help maintain industrial operations, strengthen energy resilience and support Ukraine's economic recovery under exceptionally challenging circumstances."

Yuriy Ryzhenkov, Chief Executive Officer of Metinvest, said: "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."

The new financing builds on the long-standing partnership between BSTDB and Metinvest, following earlier capital expenditure financing in 2020 and working capital financing in 2024.

Metinvest is Ukraine's largest vertically integrated mining and steel business, with operations spanning iron ore mining and processing, coke production, and steel manufacturing. The Group remains one of Ukraine's major exporters and continues to operate in a challenging environment marked by security, energy and logistics constraints.

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

Contact: External Relations and Communications Department