Bank accounts of Ferrexpo's largest unit in Ukraine ordered to be frozen

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 7 (Reuters) - Ukraine-focused miner Ferrexpo said it had been notified by a court order to freeze the bank accounts of its largest Ukraine subsidiary, as part of a probe relating to the potential underpayment of iron ore royalty from 2018 to 2021. Ferrexpo said on Tuesday it denies all accusations made as part of the ongoing investigation and added it would appeal the decision. (Reporting by Muhammed Husain in Bengaluru; Editing by Rashmi Aich)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.