Slovak Buyer of Ukrainian Iron Ore Refusal to Pay
We have obtained a curious document, i.e. a letter from a large Ukrainian mining company, Kryvyi Rih Iron Ore Plant (KZHRK), addressed to the company LAMET S.R.O., registered in Slovakia. ‘Once again, we bring to your attention about the presence of overdue debts on the part of the company for the sinter ore shipped in December 2021. As of 4th February 2022, LAMET S.R.O. overdue debt in the amount of $1.209762 million has not been paid,’ the document says. In the letter, the Ukrainian supplier emphasizes that this is not a single case, but a permanent violation by LAMET S.R.O. terms of payment stipulated by the contract. The company continues to work and fulfil the previously concluded annual contracts with consumers from Austria, Poland, Serbia, the Czech Republic and Slovakia. Miners, risking their lives, go down into the mine workings every day, performing their labour feat in this war, not allowing them to doubt their ability to meet contractual obligations, and the country's