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Metinvest declares force majeure for clients and partners

2022-03-07

2022-03-07

Metinvest declares force majeure for clients and partners

Mar. 1, 2022 -  Like many other Ukrainian and Ukraine-related companies, Metinvest companies are facing what they consider to be a Force Majeure situation and declare force majeure for clients and partners on March 01.      

The ongoing hostilities in Ukraine, military blockades of sea ports, destruction or threat to land infrastructures could impair the performance of Metinvest's contractual obligations. As of 24 February 2022, 05:30 (GMT+2), martial law has been introduced all over Ukraine. In addition, the National Bank of Ukraine imposed moratorium on cross-border payments, which may also impede Metinvest's contractual payments into and out of Ukraine.  

The facts of Force majeure are confirmed by Letter No. 2024/02.0-7.1 of the Chamber of Commerce and Industry of Ukraine dated 28.02.2022.

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