“Fortescue Metals Group” Andrew Forrest Is Going to Invest in Ukraine

by Meifan Honcharuk
Friday, June 1, 2023
2 MIN
“Fortescue Metals Group” Andrew Forrest Is Going to Invest in Ukraine

"…when the war ends in a way that satisfies the Ukrainian government, the global investment will pour into Ukraine"

Australian billionaire, NE chairman of Fortescue Metals Group Andrew Forrest took part in Ukraine Recovery London and announced his intention to invest in the creation of a new, technological, environmentally friendly Ukraine with a developed digital culture and no corruption.

"My commitment to you is simply: when the war ends in a way that satisfies the Ukrainian government, the global investment will pour into Ukraine," Andrew Forest.

"We should not pursue the goal of restoring what Ukraine was with the low-quality infrastructure of the Soviet era. We have to imagine what it could be with vision, planning and access to the world's best technology and thinking."

These are not empty words. Andrew Forrest invested $500 million in the Bank of reconstruction of Ukraine by BlackRock and JPMorgan. The businessman added that he would continue to work to make Ukraine a prosperous state.

"I will do everything in my power to inspire the business and investment community to achieve this goal. We look forward to this moment and will be with you on the path to the future that you and the defenders of your nation so honestly deserve."

Andrew noted the courage and sacrifice with which Ukrainians are fighting for their independence.

"And with that, you inspired the whole world. That is why, at the London conference on rebuilding Ukraine, we made a commitment to support your country in developing a prosperous European economy with a future defined by the best digital and green innovations in a society that is fair and free from corruption."

It is known that Andrew Forest plans to develop the production of "green steel" at his enterprises. Ukrainian Metinvest is also modernising its plants to produce this type of steel.

You will be interested