Ukrainian Iron Ore Miner Ferrexpo Faces Insolvency Amid Kyiv Dispute and Russian Attacks

Ferrexpo, a major Ukrainian iron ore miner, is on the verge of insolvency due to an ongoing dispute with the Ukrainian government over $90 million in VAT refunds and the suspension of mining operations following Russian drone attacks on its Black Sea shipments. The company, once a significant global supplier, is struggling to raise crucial funds, a situation that could impact global steel supply chains and highlights the economic toll of the conflict.