Ukraine's richest man intends to sue Russia for up to $20 billion in damages caused to his steel plants in Mariupol

Rinat Akhmetov, Ukraine's richest man, owns the Azovstal steelworks in the southern port city of Mariupol.Michael Gottschalk/Photothek/Getty Images
Ukraine's richest man plans to sue Russia for up to $20 billion in damages for his steel mills.
Rinat Akhmetov owns the Azovstal Steelworks in Mariupol, which was bombed by Russian forces.
The Azovstal Steelworks was the last bastion of the city's resistance to the Russian invasion.
Ukraine's richest man Rinat Akhmetov said he intends to sue Russia for $17-20 billion in losses after his steel mills in Mariupol were badly damaged, according to local media.
Akhmetov owns the Azovstal Steel Plant in the southern port city of Mariupol, which has been intensively bombed and shelled by Russian forces.
"We will definitely sue Russia and demand adequate compensation for all losses and lost business," Akhmetov told the Ukrainian news portal
As the last bastion of the city's resistance to the Russian invasion, the Azovstal Steelworks came under heavy attacks for weeks before the Ukrainian troops stationed there were evacuated.
Illich Steel and Iron Works under Achmetov's SCM Holdings has also suffered damage from Russian aggression, he told
According to the Bloomberg Billionaires Index, Akhmetov currently has a net worth of $6.93 billion. His wealth has plummeted 40% this year amid the war in Ukraine.
After the Russian invasion began on February 24, Akhmetov's company Metinvest - the country's largest steelmaker - announced that it would be unable to meet contractual obligations.
In April, Metinvest told Reuters that it planned to resume production after the war was over, but "would never operate under Russian occupation".
Russia said last Friday it was now in complete control of Mariupol.
Read the original article on Business Insider
Rinat Akhmetov
Ukrainian businessman, oligarch

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