Tuesday 1 July 2014

Richest Ukrainian Walks $13 Billion Tightrope - Bloomberg

Richest Ukrainian Walks $13 Billion Tightrope - Bloomberg: "



Each day at noon, hundreds of thousands of factory workers in Ukraine’s rebel hotbed pause as sirens blare for three minutes, a behavioral tool Rinat Akhmetov is using to help guard the country’s largest fortune. 




The daily signal of defiance against pro-Russian militias and pay raises throughout his companies are just some of the measures the billionaire is taking to rally support for the federal government in the Donbas industrial basin, where the majority of his 300,000 workers live. Most of them backed the revolt when the fighting began three months ago. Not anymore, according to company officials.



“Now 99 percent of the workforce correctly understands the events that are happening and supports the principle that Donbas is part of Ukraine,” Enver Tskitishvili, who runs the Azovstal mill, a unit of Akhmetov’s Metinvest steel producer, said in his office in the port city of Mariupol. Donbas, the heart of the Soviet coal industry, covers the Donetsk and Luhansk regions along Ukraine’s border with Russia."



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