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Kryvy Rih enterprises of Metinvest pay about UAH 7.6 bln in taxes over nine months of 2022
KYIV. Nov 17 (Interfax-Ukraine) – In January-September of this year, the enterprises of Metinvest Mining and Metallurgical Group owned by Rinat Akhmetov and Vadym Novinsky, located in Kryvy Rih, transferred about UAH 7.6 billion in taxes and fees to the budgets of all levels in Ukraine.
According to the company, despite the full-scale war, the Kryvy Rih enterprises of Metinvest Group remain a reliable support for the Ukrainian economy – in the presence of difficulties with logistics and the suspension of production.
Among the largest taxpayers are Pivnichny, Central, Pivdenny and Inhulets mining and processing plants. The main source of budget funding is income tax, which amounted to UAH 2.35 billion in nine months. The second largest is single social security tax, equal to almost UAH 862 million.
At the same time, it is noted that the city budget is significantly filled with taxes on incomes of individuals. So, in nine months, the Metinvest enterprises transferred about UAH 800 million to the treasury of Kryvy Rih. These funds are needed to pay salaries to employees of municipal companies, provide hospitals with the necessary equipment and medicines, and maintain the life of the front-line city. The enterprises also paid environmental tax to the city and state budgets, which amounted to more than UAH 200 million.
In addition, this year, despite the martial law in Ukraine, the Kryvy Rih enterprises of Metinvest Group increased the payment of the iron ore extraction royalty by 40% versus the same period last year, to UAH 2.9 billion, and the payment for land by 35%, to UAH 361 million.
Andriy Skachkov, General Director of Pivnichny Mining and Processing Plant, stated that the war had a negative impact on the work of Kryvy Rih mining and processing plants. Due to the blocked Black Sea ports, the difficult situation with the logistics of products and the decline in demand for metallurgical raw materials, the enterprises were forced to temporarily stop production.
At the same time, it is recalled that in general, Metinvest Group, taking into account associated companies and joint ventures, transferred almost UAH 18 billion to the budgets of all levels over the first nine months of 2022.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. The group’s enterprises are located mainly in Donetsk, Luhansk, Zaporizhia and Dnipropetrovsk regions.
