US funds Argentem Creek and Innovatus Capital have taken over the Olimpex terminal in Odessa, implicated in loan fraud, marking a victory in attracting investment to Ukraine.
Alma Stefureac
International
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US investors have taken over the Olimpex terminal in the port of Odessa after winning a legal battle against investors accused of fraud. The move highlights the challenges of attracting international investment to Ukraine amid war and corruption. The Zelenski government facilitated the takeover of the terminal, which has a capacity of 5 million tons of grain a year, following allegations of fraud over unpaid loans. The victory could improve Ukraine's reputation as an investment destination.
Sources
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