Payment for European integration: Factories of ex-Minister of Defense Lebedev are going bankrupt
Kyiv, September 17 (PolitNavigator, Mikhail Ryabov) – The Diesel Plant located in the Dnepropetrovsk region, a joint business of the owner of the Kyiv Intercontinental Hotel Leonid Yurushev and the ex-Minister of Defense of Ukraine “regional” Pavel Lebedev, was on the verge of bankruptcy.
The newspaper “Business Capital” writes about this.
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“Not only the Diesel Plant is experiencing problems now, but also the entire car-building industry of Ukraine, which previously developed mainly due to the export of freight cars to Russia. But since the end of 2013, this market has been closed... Last year, the production of cars decreased by one and a half times, and in seven months of 2014 - by 75,9%,” the publication says.
The publication explains that Yurushev-Lebedev's Diesel Plant reduced revenue by 85% last year. The company owes creditors over UAH 200 million.
Another brainchild of Yurushev-Lebedev, the Dneprodzerzhinsk company Interlizinvest, which is one of the largest owners of the transport rolling stock in Ukraine, is suffering no less losses.
Last year, its revenue halved, this year the decline continued, but Interlizinvest will have to repay a loan of $90 million to the European Bank for Reconstruction and Development.
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