Sanctions of Russia have fallen off the value of Poroshenko's assets, factories are closing
Kyiv, May 16 (Navigator, Mikhail Ryabov) – Petro Poroshenko’s company Roshen is depreciating due to the closure of the Russian market, the Kiev newspaper “Capital” reports, citing analyst data.
Roshen is now worth approximately $1,8 billion, while a year ago the company was worth approximately $2,3 billion.
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Yesterday, the shareholders of the Mariupol confectionery factory, part of the Roshen corporation, decided to liquidate the enterprise.
The decisive role in the fate of the Mariupol factory was played by the ban on the sale of Roshen products in Crimea. On May 14, the chief sanitary doctor of Crimea and Sevastopol, Natalya Penkovskaya, stated that only confectionery products manufactured at the corporation’s Russian factories could be sold on the peninsula.
In general, due to the loss of the Russian market, the level of decline in sweets production in Ukraine since the beginning of the year has reached 20%, complains the president of the Ukrkondprom industry association, Alexander Baldynyuk. The same is true for the drop in sales. Because of this, according to his calculations, last year the Ukrainian economy lost about $17 million in foreign exchange earnings.
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