EconomyLens.com
No Result
View All Result
Monday, May 19, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

German firms help ‘rebuild’ Russian-occupied Mariupol: report

David Peterson by David Peterson
April 4, 2024
in Economy
Reading Time: 4 mins read
A A
0
19
SHARES
235
VIEWS
Share on FacebookShare on Twitter

Mariupol fell to Russian forces after a two-month siege that cost the lives of thousands and left the city in rubble. ©AFP

Berlin (AFP) – Two German construction companies are taking part in rebuilding Russian-occupied Mariupol, the Ukrainian city that fell to Moscow’s invading forces two years ago, a German press investigation claimed on Thursday. The industrial Knauf group, which manufactures plasterboard, and WKB Systems, which produces aerated concrete, have been providing materials for construction in the city that was almost entirely flattened during the early months of the war, according to the investigation by Monitor magazine and shown on the public ARD television channel.

Related

UK-EU set to seal closer ties in first summit since Brexit

Ryanair annual profit drops 16% as fares fall

China factory output beats forecasts, weathering tariffs

France to unveil €37 bn in foreign investment at Versailles summit: presidency

US loses last triple-A credit rating as Moody’s cuts over govt debt

Monitor says it has analysed numerous images from construction sites where the Knauf logo appears, as well as detailed activity reports demonstrating the German company’s presence in the port city. Mariupol fell to Russian forces after a two-month siege that cost the lives of thousands and left the city in rubble. The magazine also quotes an “official distributor” of Knauf’s that is promoting a housing project in Mariupol, built with Knauf products on behalf of the Russian defence ministry. Products from WKB Systems, which is majority-owned by Russian businessman Viktor Budarin, can also be seen at construction sites in Mariupol, the magazine said.

Knauf, in a statement sent to AFP, insisted it “respects all the EU, UK and American sanctions against Russia”. The Bavarian group runs 14 production sites in Russia where it employs 4,000 people. It said its decision not to pull out of Russia — as many major German groups did following the invasion — was out of “responsibility” to its employees. Since conquering Mariupol, Russia has published a reconstruction plan for the city, which was home to more than 400,000 Ukrainians before the invasion. “Any enterprise participating should ask itself at whose service it is putting itself,” Germany’s foreign ministry told AFP, describing Russia’s reconstruction claim as “propaganda”. Germany’s economy ministry told AFP that authorities needed to determine whether or not the participation of German companies represented “a violation of sanctions”.

© 2024 AFP

Tags: constructionGerman companiesrebuilding
Share8Tweet5Share1Pin2Send
Previous Post

IMF chief Georgieva sole candidate in reelection process

Next Post

US stocks fall, oil prices jump on Middle East tensions

David Peterson

David Peterson

Related Posts

Economy

India restricts some imports from Bangladesh through land ports

May 18, 2025
Economy

High times for German cannabis firm amid medical boom

May 18, 2025
Economy

US loses last triple-A credit rating as Moody’s cuts over govt debt

May 18, 2025
Economy

US Fed plans to cut workforce by 10% in next ‘couple of years’

May 16, 2025
Economy

Dua Lipa is the youngest person on UK’s under-40 rich list

May 16, 2025
Economy

APEC says ‘concerned’ over challenges to global trade

May 17, 2025
Next Post

US stocks fall, oil prices jump on Middle East tensions

Equities sink, oil extends gains on Middle East worries

Yellen in China calls for 'level playing field' for US firms

China's green-tech manufacturing powerhouse

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Perrier scandal bubbles up as French parliament slams cover-up

May 19, 2025

UK forges new ties with EU in post-Brexit era

May 19, 2025

Trump tariffs force EU to cut 2025 eurozone growth forecast

May 19, 2025

French state covered up Nestle water scandal: Senate report

May 19, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.