System Capital Management (SCM) is an international investment company and one of Ukraine's largest employers and taxpayers. Founded in 2000, it has a portfolio of more than 250 enterprises spanning mining and metals, energy, finance, telecommunications and logistics, with operations in over 30 countries.

SCM was founded in 2000 in Donetsk by Ukrainian businessman and philanthropist Rinat Akhmetov, who remains its owner. He is one of Ukraine’s leading investors in the country’s modern history.

Its largest businesses include the mining and metals enterprise Metinvest, energy company DTEK, bank First Ukrainian International Bank (FUIB), telecommunications operator Ukrtelecom and logistics company Lemtrans.

SCM's international footprint spans energy and steel. Through DRI, DTEK's EU renewables arm, we develop and operate wind, solar and battery storage projects across Italy, Croatia, Romania and Poland. Our steel enterprise Metinvest operates re-rolling plants in Italy (Metinvest Trametal, Ferriera Valsider), the UK (Spartan UK) and Bulgaria (Promet Steel) and is developing Metinvest Adria, a new ‘green’ steel plant in Piombino, Italy.

SCM's businesses employ around 150,000 people, making it one of the largest private employers in Ukraine.

In 2025, SCM companies paid US$2.2 billion (UAH94 billion) in taxes, bringing the total since the start of the full-scale invasion to more thanUS$8 billion (over UAH308 billion). Across 25 years, cumulative tax contributions exceed US$33 billion.

SCM is the largest private donor in Ukraine. By February 2026, the combined humanitarian, defence and civilian assistance from SCM's businesses, the Rinat Akhmetov Foundation, the Heart of Azovstal initiative and Shakhtar Football Club exceeded UAH13.5 billion (US$368 million). In addition, since 2022, SCM has invested more than US$4 billion to restore infrastructure and build new facilities, accounting for around one in every three dollars of corporate investment in Ukraine.

Yes. Mr Akhmetov has repeatedly stated that he will not leave Ukraine or sell his businesses, a position that he first set out in 2014 and restated within hours of the full-scale invasion in February 2022. Unless not possible for military reasons, SCM has kept its steel mills, power plants and other operations running throughout the war.

Steel Front is Mr Akhmetov's military support initiative. The largest private effort of its kind in Ukraine, it pools the resources of SCM companies to protect the country's defenders. Its focus is on developing, producing and supplying life-saving equipment, including armoured steel for body armour and helmets, steel shelters, underground command posts and hospitals, vehicle and tank protection, and fortifications. As part of Steel Front, over the first four years of war, Metinvest allocated US$240 million (around UAH10.1 billion), of whichUS$174 million (around UAH7.3 billion) went directly to Ukraine's armed forces.

Heart of Azovstal supports the defenders of Mariupol and their families. Over three years, it has helped more than 8,000 defenders through medical and psychological rehabilitation, prosthetics, education, employment and housing. For 2026, Mr Akhmetov approved a US$14 million budget, bringing the total commitment to US$54 million.

Established in 2005, the Rinat Akhmetov Foundation is Ukraine's leading philanthropic body. Since 2014, it has provided humanitarian assistance to more than 18 million people. In addition, its Museum of Civilian Voices has recorded over 140,000 first-hand testimonies from Ukrainians affected by the war, making it the largest archive of its kind in the world.

Mr Akhmetov has been president of FC Shakhtar Donetsk since 1996. Under his ownership, the club has won 40 major trophies, including the 2009 UEFA Cup, and continues to compete successfully while playing in exile far from its Donetsk home.

Yes. SCM companies and Mr Akhmetov have brought a series of claims against Russia. DTEK Krymenergo has secured an arbitration award now valued at over US$300 million for the seizure of its Crimean assets, and 16 Metinvest enterprises have filed claims seeking around US$10 billion.

SCM's agenda includes a ‘green’-energy build-out led by DTEK. It includes DTEK’s Tyligulska wind farm – the world's first to be built in an active war zone – a move into European ‘green’ steel through Metinvest, the rebuilding of Ukraine's critical infrastructure, and a workforce adapted to support tens of thousands of returning veterans.