Just like his Russian counterparts, Rinat Akhmetov, a Ukrainian steel billionaire, is feeling the pinch of the global financial crisis.
His Metinvest holding company has been caught by the global decline in steel prices and demand.
[...] A Donetsk native, Mr Akhmetov became very rich during what is seen as the crony capitalist days that followed the collapse of the Soviet Union. Reputedly Ukraine's richest man, he snapped up steel mills, mines, utilities and other assets at fire-sale prices.