System Capital Management or SCM () is a major Ukrainian financial and industrial holding company established in 2000 in Donetsk, Ukraine. As of 2014, it is headquartered in Kyiv. The business is controlled by Ukrainian businessman and oligarch Rinat Akhmetov, who owns 100% of the company's shares. In 2011, the group had revenues of around $19.5 billion and assets worth over $28.4 billion. The company includes over 100 businesses in metals and mining, power generation, banking and insurance, telecommunications, media, real estate, and others. SCM employs approximately 200,000 people. The group is audited by PricewaterhouseCoopers. As of May 2022, SCM (dba SCM Consulting Ltd) has been represented in the United States by the Washington, D.C. based public relations firm Qorvis LLC. Structure The biggest company in the SCM Group is Metinvest involved in the mining and steel business. It is one of Ukraine's largest private business and one of the biggest steel producers in Europe. It is also the largest Ukrainian producer of iron ore. In addition to Ukraine, Metinvest has assets in the US, Italy, UK, Bulgaria, and Switzerland. The second major company of the group is a coal mining and power generation company DTEK. DTEK was formed in 2002. The nucleus of the complex consisted of Vostokenergo Power Generation Company, ServiceInvest Energy Company, and the coal mine Komsomolets Donbassa. The other companies ranged from scientifically oriented energy-sector companies to those in various social fields. SCM also owns a large bank. In telecommunications, SCM has a fixed line business, Vega Telecom group. The Group's media interests include the newspaper Segodnya and Ukraina Media Group. The group is also in the real estate business and owns two five star hotels – one in Kyiv and one in Donetsk. SCM group also includes assets in heavy engineering, clay production, transportation, agriculture, and retail businesses. SCM operations amid Russian military aggression On 22 February, when hundreds of people took to the streets of Mariupol protesting against Russia's aggressive acts, SCM shareholder Rinat Akhmetov announced that the Company was going to pay $34 million in taxes upfront to bolster Ukraine's treasury. "Our common goal is a strong, peaceful, independent, united Ukraine within its internationally recognised borders... Everyone must do everything in their power to strengthen the country... Unity is a matter of country's survival now," he said. Shortly after Russia invaded Ukraine, the Company switched to wartime operations. Rinat Akhmetov stated that the