Steel Production: News
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Sunday, August 23
Fedorov decries corruption in Defense Ministry, doubles down on calls for elections
Former Defense Minister Mykhailo Fedorov detailed what he described as widespread corruption within Ukraine's Defense Ministry in a wide-ranging interview with Channel 24 released Aug. 22, while reiterating his call for Ukraine to prepare for elections even as war continues.
Saturday, August 22
Supermarket director under investigation after deadly Russian strike on Kryvyi Rih shopping center
The director is being investigated for negligence after the business allegedly remained open during an air raid alert.
Putin claims Ukraine peace proposals too 'exotic' for Russia
"The proposals being conveyed to us are sometimes, I would say, exotic in nature," Russian President Vladimir Putin said in an interview following the United Russia party congress on Aug. 22.
Ukraine hits Russian oil terminal in Krasnodar Krai, General Staff says
The Yeysk oil terminal supplies fuel to the Russian armed forces, according to the Ukrainian military.
Ukraine strikes Wildberries rival, oil refinery, and airbase in overnight attacks
Ozon, Russia's second-largest online marketplace, said the attack caused a fire at its warehouse in Samara Oblast and prompted the evacuation of more than 500 employees within minutes.
France to speed up missile deliveries to Ukraine amid critical air defense shortage
French President Emmanuel Macron also agreed to help Kyiv in its communications with international partners that have supplies of Patriot air defense systems, which Zelensky has repeatedly said are critical for protecting Ukrainian civilians from Russian ballistic missiles.
About Steel production
Ukraine was the world's 13th-largest steel producer before Russia's full-scale invasion, with an annual output of approximately 21 million tons. The sector previously employed 280,000 workers and generated 12% of Ukraine's GDP. Russian attacks on metallurgical facilities have reduced steel production by over 70% since February 2022. Major plants, such as Azovstal in Mariupol, remain under Russian occupation. Others have ceased operations due to energy shortages and damaged infrastructure.
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The broad consensus among Russia-watchers is that the country is facing a prolonged bout of stagflation. Growth this year is unlikely to exceed 1%, and inflation is still stuck at 6% (or more). Moreover, the most promising option for reviving the economy is the least likely to be pursued, because it requires President Vladimir Putin's willingness to end the war in Ukraine. The downside risks are legion. Russian troops have barely advanced in Ukraine this year, and Russia cannot spend more on i
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Fedorov broke Ukraine's wartime election taboo. What happens next?
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'I'm skeptical' — Ukrainian soldiers react to Fedorov's bombshell election video
