The Russian invasion of Ukraine on Feb. 24 sparked the beginning of an intensified war between the two forces. Now, the richest man in Ukraine, Rinat Akhmedov, set out to build shelters for Ukrainian soldiers as the war raged on with all of its devastations.
According to Bloomberg's report, a Ukrainian steelworks controlled by billionaire Akhmetov has started constructing prefabricated dugouts and transporting them to soldiers engaged in front-line combat with Russia.
War Capsules
According to steel manufacturer Metinvest Holding LLC, the capsules can resist impacts from 150-millimeter rounds after being buried 1.5 meters (5 feet) beneath the surface. They may be utilized as field bathrooms, canteens, or hiding places during assaults.
The cost of one of these shelters is roughly 200,000 hryvnia ($5,450), but the company has already given away 10 of them to the front lines and plans to manufacture 20 of them each month.
A small team of people may transport the completed item because it can be carried in numerous pieces, each weighing 50 kilograms (110 pounds), and assembled after delivery.
The products are made in a Metinvest facility in Zaporizhzhia, a city in southeast Ukraine that the Russian military has partially controlled.
Symbol of Defiance
The economic impact of Russia's conflict with Ukraine on Metinvest is significant. As Russia shelled the complex with a holdout of Ukrainian troops inside earlier this year, the company's Azovstal steelworks in the country's southeast became a symbol of defiance.
The wealthiest person in Ukraine, Akhmetov is the owner of System Capital Management, the biggest industrial conglomerate in the nation with holdings in mining, metallurgy, and energy. According to the Bloomberg Billionaires Index, he is worth $5.6 billion.
The Ukrainian steel and mining giant Metinvest Group control the full value chain, from mining and processing coal and iron ore to producing and distributing semi-finished and completed steel goods.
SCM Holdings, owned by Rinat Akhmetov, holds the majority of shares in Metinvest Group (71.24%), followed by Smart Holding Group (23.76%), and Clarandale Limited (5%).
Since 2013, Yuriy Ryzhenkov has served as the general director, chief executive officer, and chairman of the executive committee for Metinvest.
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Written by Joaquin Victor Tacla
