Russian strikes close plant of Ukraine’s biggest aid backer. Its 3,600 workers and millions in taxes now hang in balance
Russia is now hitting the German investment that helps keep Ukraine’s economy running.
Russian strikes have forced the closure of Kromberg & Schubert, Ukraine's largest employer and a German-owned plant, putting 3,600 workers at risk of losing their jobs. The plant, which produced electrical onboard cable systems for high-quality cars, generates significant tax revenue for the region. This devastating blow to the economy comes as Russia continues its relentless campaign of drone and missile attacks, targeting various sectors, including power plants, residential areas, transportation, retail, and medical facilities.
Ukraine's Economy Ministry estimates that Russian strikes will cause losses of up to $10 billion this year. In addition to the Kromberg & Schubert plant, Russia has destroyed approximately 90% of retail chains' food logistics by late August, illustrating the extent to which civilian commerce is being affected by the ongoing conflict.
The closure of the plant not only removes a major employer but also represents the slow erosion of businesses into outright closures due to Russia's air war.
Written by urgent.news from Euromaidan Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
