EXCLUSIVE Editor's Choice War in Ukraine

How Ukraine's Largest Investment Holding is Making Sure Russia Pays For its Invasion

SCM is Ukraine's largest investment holding. Its business activities span power generation, mining and metal production, banking, telco, agro, retail, real estate. SCM’s sole owner and investor is Rinat Akhmetov, Ukraine’s wealthiest businessman.

In an exclusive interview with Kyiv Post, SCM’s PR Director Natalia Yemchenko reported that Russia has attacked all six DTEK power stations, while two power stations in the Zaporizhzhia and Luhansk regions remain occupied.

SCM’s asset losses have reached tens of billions of dollars, and two of its biggest steel factories, Azovstal and Illyich, are in occupied Mariupol. Yemchenko said that Akhmetov is now suing Russia in European Court of Human Rights.