Business news from Ukraine

Business news from Ukraine

Metinvest’s United Mining and Processing Complex Paid 2.8 Bln Hryvnia in Taxes for First Half of Year

2 September , 2026  

The Central, Ingulets, and Northern Mining and Processing Complexes (MPCs) of the Metinvest Mining and Metallurgical Group, which were merged into the United Mining and Processing Complex, transferred 2.8 billion hryvnias to budgets at all levels for the January–June period of this year, which is 200 million hryvnias more than in the same period last year.

According to the company’s press release, Metinvest’s Kryvyi Rih mining and processing plants remain a reliable financial foundation for Ukraine even during the war and economic crisis, channeling billions of hryvnias into budgets at all levels. As has traditionally been the case, the main sources of revenue remain subsoil use fees—1.3 billion hryvnias—the unified social contribution—nearly 400 million hryvnias—and personal income tax—350 million hryvnias.

“Ukraine’s mining and metallurgical sector is going through an extremely difficult period; however, thanks to our professional and responsible specialists, Metinvest’s mining and processing plants continue to operate amid shelling and severe logistical and export restrictions. And even despite the decline in production, the United Mining and Processing Complex consistently pays all required taxes and fees. Because taxes right now mean support, protection, and survival for the country as a whole and for local communities in particular,” said Igor Tonev, CEO of the United Mining and Processing Complex.

As previously reported, including its associated companies and joint ventures, the Metinvest Group paid 8.5 billion UAH in taxes and fees to budgets at all levels in Ukraine during the first half of 2026.
In the first quarter of 2026, the United Mining and Processing Complex transferred 1.3 billion UAH to budgets at all levels.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European Union countries, the United Kingdom, and the United States. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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