Ukrrudprom is liquidated by the government

Today the Cabinet of Ukraine has decided to liquidate Ukrrudprom Steel Enterprise, the Head of the State Property Fund Valentyna Semenyuk told.

Minister of Industry Volodymir Shandra mentioned that Ukrrudprom consisted of only two employees who had not been paid salary for a long time.

As a reminder, Ukrrudprom State Stock Company was created in 1998 by Industrial Ministry of Ukraine and the State Property Fund. It consisted of ten mining enterprises. The State Property Fund owns 100% of its stocks. In April of 2004, the mass media told about collision of System Capital Management (Rinat Akhmetov) and Industrial Union of Donbass (the ex-pretender to Kryvorizhstal) interests concerning the mining holding.

In the summer of 2005 the Cabinet of Ukraine discussed the question of sale of ten enterprises belonged to Ukrrudprom.

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