Metinvest said on Friday that it will never work under Russian rule.

A company statement was sent to the agency, which reported the news.

We plan to resume production after the end of hostilities. The statement said that the metallurgy enterprises will never operate under Russian rule.

The siege of Mariupol left more than a third of the metallurgy production capacity out of service.

The country has lost 40% of its production capacity because the plants are not working. We have no doubt that their work will be resumed, but Mariupol must remain Ukrainian.

According to data published by Statista, Metinvest is the leading steelmaker in Ukraine. The richest man in the country is Rinat Akhmetov, who has a net worth of $3.9 billion according to Forbes.

Due to the fighting taking place, the company has no way of estimating damages.

The company said in a previous statement that the assets in Avdiivka and Mariupol have been damaged from the hostilities.

It is not possible to assess the impact of the Russian military aggression on the Group's plants until the active stage of the Russian military aggression is stopped and reliable communications channels with the plants are re-established.

Metinvest did not respond to the request for comment made outside of normal working hours.

A week before the war broke out, the company had planned to invest over a billion dollars in the modernization of its enterprises in Ukraine.

In a previous report, it was said that Metinvest produced 40 million tonnes of iron Ore a year, and that Ukraine is one of Europe's top suppliers.

According to Insider, between 2,500 to 3000 of the troops from Ukraine have been killed.