Metinvest Group, including its associated companies and joint ventures, paid UAH13 billion in taxes and duties to Ukraine’s national and local budgets in January-September 2026, down 6% year-on-year.
The largest reductions were in value added tax payments, which fell by 36% to UAH914 million, and corporate income tax payments, which decreased by 26% to UAH1 billion, compared with January-September 2025.
Land tax payments also dropped by 6% to UAH944 million, personal income tax payments by 3% to UAH2.4 billion and military levy payments by 2% to UAH678 million.
In the first nine months of the year, Metinvest’s Ukrainian businesses also paid UAH3.5 billion in subsoil use royalties, UAH2.6 billion in unified social contributions and UAH511 million in environmental tax.
The mining and metals industry is facing unprecedented pressure. Attacks by russia are destroying production facilities, as well as energy and logistics infrastructure. In September, Kamet Steel and the Zaporizhstal joint venture halted production following russian attacks. Between August and October, the two plants were subjected to six attacks involving a total of 27 ballistic missiles, in addition to regular attacks by Shahed drones and guided aerial bombs.
Ukraine’s steelmakers are finding it increasingly difficult to export their products: Black Sea ports are blockaded, the EU has reduced duty-free quotas for Ukrainian steel, and the carbon levy under the Carbon Border Adjustment Mechanism (CBAM) is increasing producers’ costs. Rising electricity tariffs and rail freight charges are adding to the pressure. Together, these factors threaten the industry’s survival.
“We have reached a critical point. Steelmakers are losing the ability to produce and export steel, while the country risks losing jobs and billions of hryvnias in tax revenues. The government must therefore act immediately. Its first priority must be to make every effort to restore port operations. It must also do more to defend the interests of Ukrainian producers in Brussels, pressing for higher quotas for Ukrainian steel and an exemption for Ukraine from the financial component of CBAM. Without these measures, the crisis will only deepen, and as production falls, so too will the tax revenues on which the national budget and local communities depend,” said Yuriy RYZHENKOV, Chief Executive Officer of Metinvest Group.
For reference, Metinvest paid UAH8.5 billion in taxes and duties to Ukraine’s national and local budgets in the first half of 2026 and UAH18.7 billion in 2025.
