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Steel Production: News

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The downfall of Ukraine’s ex-ambassador to US, explained

Olha Stefanishyna, Ukraine's former ambassador to the U.S. and deputy prime minister for European integration, was widely regarded as an effective manager. But her involvement in several corruption investigations cast a shadow over her career and likely contributed to her dismissal as ambassador on Aug. 3. On Aug. 5, authorities charged Stefanishyna with illicit enrichment totaling Hr 13.9 million ($310,000) and filing false asset declarations. She denies the allegations. For critics of Presi

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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