Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, paid UAH 498.9 million in taxes in 2024, down 24.1% from UAH 657 million in 2023.
According to DCH Steel’s corporate newspaper on Thursday, in 2024, DMZ paid UAH 196.7 million in value added tax, UAH 92.9 million in land rent, UAH 88.1 million in unified social tax, and UAH 77.3 million in personal income tax.
In addition, Sukha Balka mine (Kryvyi Rih, Dnipropetrovska oblast), which is also part of Aleksandr Yaroslavskyi’s DCH group, paid UAH 404.5 million in taxes. The most significant payments in the mine’s payment structure are rent for subsoil use – UAH 162.1 million, personal income tax – UAH 117.3 million, and unified social tax – UAH 76.1 million.
In 2024, DMZ and Sukha Balka mine paid a total of UAH 903.4 million in taxes and fees to the budgets of all levels.
As reported, in the first half of 2024, DMZ paid UAH 292 million in taxes, including UAH 129 million in VAT, UAH 28 million in income tax, UAH 43 million in unified social tax, UAH 38 million in personal income tax and UAH 54 million in other taxes.
The total amount of taxes paid by Sukha Balka Mine in this period amounted to UAH 167 million. In particular, it includes rent for the use of subsoil for the extraction of minerals (iron ore) – UAH 80 million, unified social tax – UAH 37 million, personal income tax – UAH 34 million, and other taxes – UAH 16 million.
In 2023, DMZ paid more than UAH 657 million in taxes, up 64% compared to 2022. In the structure of payments to the budgets of all levels, the largest amount of value added tax was UAH 277.5 million.
Income tax amounted to UAH 122 million, and unified social tax, rent and other contributions amounted to UAH 257 million.
DMZ specializes in the production of steel, cast iron, rolled products and products made from them. On March 1, 2018, DCH Group signed an agreement to buy DMZ from Evraz.
Sukha Balka mine is one of the leading mining companies in Ukraine. It produces iron ore by underground mining. It includes Yubileynaya and Frunze mines. DCH Group acquired the mine from Evraz Group in May 2017.
“Nibulon is now one of the three largest grain exporters in Ukraine and has been profitable for two and a half years, with EBITDA of approximately $68 million in 2024, Andriy Vadatursky, owner of one of the largest grain market operators in Ukraine, JV Nibulon LLC, told NV in an interview.
He noted that this figure is slightly lower than the agricultural holding planned due to difficulties in the second half of the year, and added that in a few days he will have the exact figure of financial performance for 2024.
Commenting on the information about the increase in the share of Nibulon’s own fleet in 2024 from 26% to 55%, and the volume of transportation from 278 thousand tons to 404 thousand tons, Vadatursky reminded that the company was built on investments in alternative ways of delivering products, in particular, in water transport. Accordingly, elevators were built on the Dnipro River and the Southern Bug River.
“Now all this is standing still. Kherson is under fire, Mykolaiv is closed. The fleet has nowhere to work. More than 100 ships are blocked. Some elevators, even in the occupied territory, are left without water. The
Kakhovka dam was broken in May 2023. The prospect of returning was taken away from us. I can’t imagine that the river (transportation by the Dnipro) will work for 5-10 years, even after the victory,” he said.
To solve this problem, Nibulon leased vehicles from Scania (Sweden), increased the number of vehicles and, of course, optimized its operations to use its own vehicles as much as possible.
“We have 138 new vehicles in total. We have purchased about 70 vehicles, I think, for EUR 17 million. Denmark also helped us. They take care of Mykolaiv region. For example, we got a loan from EIFO. Denmark gave us a 14-year loan for agriculture. (…) We received about EUR12.5 million. We purchased German machinery,” said the owner of the agricultural holding.
Mr. Vadatursky added that foreign investors are extremely cautious about investing in Ukraine, while bureaucratic Europe is very slow to change course and spends a lot of time on simple things.
JV Nibulon LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, a one-time storage capacity of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever volume of 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.
Oil prices remained in the red on Wednesday after the publication of the US Department of Energy’s weekly report on energy reserves in the country.
Commercial oil inventories in the US last week increased by 3.46 million barrels to 415.13 million barrels, the Energy Department reported. Gasoline stocks increased by 2.96 million barrels, distillate stocks decreased by 4.99 million barrels.
The cost of March futures for Brent on the London ICE Futures exchange as of 18:00 hours is $77.3 per barrel, which is $0.19 (0.25%) lower than at the close of the previous trading.
March futures for WTI during trading on the New York Mercantile Exchange (NYMEX) decreased in price by $0.36 (0.49%) to $73.41 per barrel.
Traders’ attention is still focused on the actions of US President Donald Trump, who intends to impose a 25 percent duty on imports from Canada, a major supplier of oil to the US market, starting February 1.
“The oil market continues to dance to the rhythm of Trump’s tariff orchestra, with the focus on the duties for Canada that will take effect this Saturday,” said Ole Hansen, who is responsible for commodity strategy at Saxo Bank.
Traders are also waiting for news from OPEC+. Kazakhstan’s Energy Minister Almasadam Satkaliyev said on Wednesday that a meeting at the level of OPEC+ representatives is planned in the near future to discuss, among other things, the US plans to increase oil production.
As of January 29, Ukraine exported 25.353 mln tonnes of grains and pulses since the beginning of 2024/25 marketing year (July 2024 – June 2025), of which 3.121 mln tonnes were shipped this month, the press service of the Ministry of Agrarian Policy reported citing the data of the State Customs Service.
It is noted that as of January 30 last year, the total shipments amounted to 23.146 million tons, including 4.582 million tons in January.
In the current season, Ukraine has already exported 10.7 mln tonnes of wheat (9.027 mln tonnes in 2023/24 MY), 2.064 mln tonnes of barley (1.4 mln tonnes), 10.8 thsd tonnes of rye (1 thsd tonnes), and 12.166 mln tonnes of corn (12.465 mln tonnes).
As of January 29, the total exports of Ukrainian flour in the current season are estimated at 43.3 thsd tonnes (52 thsd tonnes in 2023/24 MY), including 39.9 thsd tonnes of wheat (48.6 thsd tonnes).
The global soybean market is still in stable demand, and Brazil and the United States remain the key players and competitors of Ukrainian soybeans, according to the analytical cooperative “Pusk”, created within the framework of the Ukrainian Agrarian Council.
“The price of soybeans in Chicago is growing, which is a signal for the physical market. The soybean deficit is not expected in the world, but the weather conditions in Brazil add to the tension. Problems with precipitation and moisture content of the crop may reduce the quality of the grain, which will push prices up,” the experts said.
According to the analysts’ forecasts, in February Ukraine is expected to see the price at $400-405 per ton on CPT terms. At the same time, Ukrainian processors are currently unable to offer high purchase prices due to lower prices for rapeseed and sunflower.
Nevertheless, the market is supported by export demand. The situation on the soybean market remains dynamic, and weather conditions may become one of the key factors in determining prices, analysts say.
DIM has completed monolithic works in the capital’s Olegiv Boutique Residence, and the project is scheduled to be fully completed in the second quarter of 2026, its press service told Interfax-Ukraine.
The release says that a flower has symbolically opened its petals on the roof of the building, which is how builders traditionally inform that the main structure is ready, and therefore the project is moving on to the next stage – facade, interior, and finishing work.
OLEGIV Boutique Residence (36 Olehivska St.) is the first premium-class building in Ukraine in the Art Boutique Residence format, and the developer aims to combine the concept of European boutique hotels with the artistic background of the capital’s Podil. The complex consists of one building with a height of 5-8 floors, with 208 apartments. The project envisages the arrangement of a closed courtyard free of cars and a spacious underground parking lot for 102 parking spaces with electric car chargers.
The building is equipped with an independent power supply system that ensures constant operation of elevators and lighting in the corridors, as well as an access control system. Heating will be provided by an in-house gas boiler house.
Founded in 2014, DIM Group specializes in a full cycle of development, including design, construction, and real estate management. During this time, the company has commissioned 15 buildings in eight residential complexes, a total of 3,640 apartments, and built more than 332.7 thousand square meters of residential and commercial space. In 2024, DIM commissioned 1191 apartments in three residential complexes: “New Autograph, Lucky Land and Park Lake City. Six comfort+ and business class residential complexes are under construction: “Metropolis, Park Lake City, Lucky Land, A136 Highlight Tower, Olegiv Podil, The One.
