Ukrainian authorities confiscate 2,500 tons of Russian ore

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Ukrainian Prosecutor General’s Office reported that Russian authorities seized 2,500 tons of Russian iron ore. This is indicated in the description of the office on social networks.

“Under the procedural leadership of the prosecutors of the Odessa District Prosecutor’s Office, about 2,500 tons of iron ore belonging to the Russian group of companies JSC Holding Company Joint Stock Company Metalloinvest were discovered and arrested,” the report said.

The estimated value of the ore is about UAH 40 million or more than $1 million.

Ukraine Rejects Former Prime Minister Shmyhal declarationthat the government plans to launch auctions for the sale of confiscated Russian property. As the Prime Minister said, on February 10, the country’s authorities approved a resolution regulating the sale of Russian assets.

The Prime Minister noted that all funds from this sale will be used to restore Ukraine, the energy system, housing for citizens, mine clearance and much more. In addition, 165 million dollars of grants will be provided from many European countries through this fund.

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