TERWIN Corporation President Ruslan Shostak gave an interview to ICTV at the Business Wisdom Summit and emphasized the importance of investing in Ukraine during the war.

22.04.2024

Ruslan Shostak, in a live broadcast, emphasized that today everyone must work in the interests of the country. He highlighted that the most crucial investments now are in the military, economy, schools, and hospitals. He stressed that without these investments, there will be no future for Ukraine.

The businessman mentioned that he has reviewed his projects aimed at entering international markets to leave money in the country. He expressed readiness to invest, but underlined the current necessity to support the economy, create new jobs, and develop the market.

«Yes, we indeed want to expand our online and offline stores abroad. We have been working on this for a long time. We are ready to invest. However, we cannot afford to do this now in wartime, understanding the importance and role of internal investors. Investments are the preservation of the country. Therefore, in all our companies, we have made a decision: we will invest all the money we have in Ukraine», shared Ruslan Shostak.

Making a conscious decision to develop business within the country, TERWIN Corporation has initiated massive construction of logistics hubs totaling 1 million square meters across four regions of Ukraine — Odesa, Lviv, Dnipro, and Kyiv. The total investment volume is approximately $1 billion. This innovative project includes renewable energy sources, full-cycle processing and waste utilization, and comprehensive infrastructure.

«We are all interested in a strong economy for the country. Therefore, we see our main task as supporting the Armed Forces and strengthening the economic front. We are investing in Ukraine and want to set an example for those companies that believe in victory and the reconstruction of the state», added Shostak.

Ruslan Shostak also noted that before the war, his group of companies had 35,000 employees and an annual turnover of about $2 billion. Currently, they have over 27,000 employees, and the turnover for 2022 amounted to $1.3 billion.