Reni port handles cargo from an unrecognized state again

The transshipment of wire rod in the bays produced by the Moldavian Metallurgical Plant has resumed in the Reni seaport.

Transshipment of 1.135 thousand tons of wire rod is carried out on the river vessel Latorica (flag – Slovenia) at berth №4. The cargo was delivered to the port in 19 wagons. The port operator Reni-Les carries out loading according to the wagon-vessel option, the press service of the Reni port reports.

It is noted that the products will be sent to the port of Prahovo in Serbia.

The port operator PE “ReniLes” is a subject of the SEZ “Reni”. Since 2004, the company has specialized in the processing of mineral fertilizers, petrochemicals and general cargo. In the operational activities of PE “ReniLes” there are covered warehouses for storage of bulk cargo – up to 5 thousand tons, general cargo – up to 10 thousand tons, as well as open storage areas for storage of up to 20 thousand tons of cargo.

The Moldavian Metallurgical Plant (MMP) in Rybnitsa was built in 1985 and is currently under the control of the unrecognized state of the Pridnestrovian Moldavian Republic.

Until 2015, the plant was part of the Metalloinvest group of the USM holding, which is owned by Russian businessman Alisher Usmanov. Earlier, the plant was jointly controlled by the companies of Usmanov and Ukrainian businessman Rinat Akhmetov.

The enterprise is not a full-cycle steel plant, but specializes in the processing of scrap metal, which, among other things, was supplied from Ukraine.

In May 2018, MMP came under economic sanctions from Ukraine, which the NSDC introduced for a period of three years. Then it was noted that the plant saved electricity thanks to the support of Russia: the energy was much cheaper for the metallurgical plant than for similar enterprises from Ukraine.

At the same time, scrap metal was exported to the PMR, which is also considered a strategic raw material for Ukrainian metallurgists. As noted in the Ukrmetallurgprom association, Russia subsidizes Transnistrian enterprises for energy resources, as a result of which MMZ has the opportunity to overstate scrap prices. Accordingly, it wins the competition with Ukrainian metallurgical enterprises.