[Summary translation prepared by Business & Human Rights Resource Centre]

Head of United Mining and Chemical Company dismissed, suspected of titanium ore supply fraud - State Property Fund, 15 February 23

The State Property Fund (SPF) dismissed Vladyslav Itkin, acting chairman of the board of United Mining and Chemical Company, which has been given control of Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region).

Under Itkin's leadership, there were alleged losses of products worth millions of dollars and questionable contracts with intermediaries.

According to the SPF's press release, this decision was made on the basis of a recent thorough internal financial and economic audit of the company.