Yushchenko concerned about dispute between the SPF and ArcelorMittal

09:24, 30 July 2008
Ukraine
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He calls on to find ways to solve the situation peacefully

President Victor Yushchenko wrote a letter today to State Property Fund Head Valentyna Semenyuk-Samsonenko, according to the President`s press-office.

In his letter President expressed concerns about a dispute between the SPF and ArcelorMittal Duisburg GmbH regarding determination whether the company keeps up to the agreements on purchase and sale of OJSC Kryvorizhstal shares.

According to President bringing a suite against the company on braking off the agreement with it may result in negative resonance in the world, loss of confidence of foreign investors and decrease in their interest in Ukrainian economy.

Therefore President suggested in his letter that the SPF considered re-inspecting disputable points with ArcelorMittal Duisburg GmbH and find ways to solve the situation peacefully.

He also requested SPF Head to inform him on results of the inspection in person.

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