The Cabinet of Ministers has introduced a zero export quota for 2026 on the export of ferrous scrap (scrap metal), a strategic raw material for the metallurgical industry.
The relevant changes are set out in its Resolution No. 1795 “On the approval of lists of goods subject to licensing for export and import, and quotas for 2026” dated December 31, 2025.
According to the document, the quotas for goods whose export is subject to licensing are listed in Appendix 1. In particular, a zero quota has been set for ferrous metal waste and scrap; ferrous metal ingots for remelting (charge ingots) under code 7204 (according to the Ukrainian Classification of Goods for Foreign Economic Activity). Zero quotas are also set for copper waste and scrap under code 7404 00 and for electrical and electronic waste and scrap used primarily for the extraction of precious metals under codes 8549 21 00 00 and 8549 29 00 00.
Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development, welcomed the government’s decision in a comment on his Facebook page, noting that strategically important raw materials should be processed in Ukraine, rather than being exported abroad without control, and should create jobs, added value, and tax revenues here.
According to the expert, this principle is one of the fundamentals of economic success, as proven by dozens of developed countries. Ukraine also has successful experience in implementing it: duties on sunflower seeds and a moratorium on roundwood once created entirely new industries and attracted billions in investments. And the recently introduced duties on soybeans and rapeseed have already significantly increased the volume of domestic processing, the deputy head of the parliamentary committee emphasized.
“The government’s decision to set zero export quotas for industrial timber and scrap from Ukraine for 2026 is an important example of the implementation of this principle. I would like to thank Prime Minister Yulia Svyrydenko and Minister of Economy Oleksiy Sobolev for their position and understanding of national economic interests,” wrote the MP.
Kysilevsky explained that it is profitable for the state to keep all scrap metal within the country, since 1 ton of scrap metal processed in Ukraine into finished products generates approximately UAH 15,000 in taxes. On the other hand, 1 ton of exported scrap metal without customs duties actually generates no taxes (within 100 hryvnia per ton), since scrap metal procurement remains largely a “shadow” business.
He noted that scrap metal exports to the EU are de facto a scheme to circumvent customs duties, with losses to the budget amounting to about UAH 3.5 billion per year. Currently, the customs duty in the EU is 0, while in other countries it is EUR 180. Scrap metal from Ukraine is mainly re-exported outside the EU. If the 380,000 tons of scrap metal exported in 2025 were processed in Ukraine, the state would receive UAH 5.7 billion in taxes.
“From 2026, the EU will introduce the so-called CBAM ”carbon duty.” From the point of view of Ukraine’s accession to the EU and compliance with environmental requirements for industry, it is important to keep all scrap metal within the country. After all, scrap metal is a scarce raw material for smelting steel with lower CO2 emissions. Ferrous and non-ferrous scrap metal is a strategic raw material for ferrous and non-ferrous metallurgy, which are important basic sectors of the economy. Of course, companies that want to profit from the uncontrolled export of raw materials are opposed to these decisions. But raw material exports are a niche for poor countries. Ukraine has abandoned this model, hopefully for good,” Kysilevsky emphasized.
The MP added that one of the tasks for the Verkhovna Rada in 2026 is to enshrine the decision to restrict the export of strategic raw materials in law. These restrictions should remain in force as long as external circumstances and the need for recovery require it.
As reported, in May 2025, the Ministry of Economy of Ukraine initiated the introduction of a licensing and quota regime for the export of ferrous metal scrap (scrap metal) with a zero quota. The relevant provision was included in the draft government resolution “On Amendments to Appendix 1 to the Resolution of the Cabinet of Ministers of Ukraine No. 1481 of December 24, 2024,” which was then published by the Ministry of Economy for public discussion.
Deputy Director of the state-owned enterprise “Ukrpromzovnishchexpertiza” Serhiy Povazhnyuk, in an interview with telegraf.com.ua, said that Ukrainian metallurgical enterprises could increase steel production by 17% in 2026, to 8.9 million tons from 7.6 million tons in 2025, provided that the scrap metal shortage is overcome. At the same time, he noted that the Ukrainian metallurgical industry is experiencing an acute shortage of ferrous metal scrap, in particular due to the growth in the volume of this raw material being exported abroad.
According to his calculations, 1 ton of scrap metal, which is processed into metal products at Interpipe’s facilities, for which scrap is the main raw material, brings the state UAH 7,500 in taxes. In addition, 1 ton of scrap metal used at Metinvest Group’s plants generates about UAH 9,300 in tax revenues to budgets at all levels.
As Povazhnyuk emphasized, this is a direct benefit that the state receives by keeping all scrap metal in the country and processing it into steel. In addition, such processing has a multiplier effect on the entire economy, as it stimulates growth in related industries, such as the production of iron ore raw materials, coke, and ferroalloys.
“According to our data, in 2024, the largest exporting companies, which accounted for almost 90% of Ukrainian scrap metal exports, exported a total of 247,000 tons of raw materials abroad, paying a total of only UAH 12.3 million in taxes. Thus, the state received an average of UAH 50 in taxes for each ton of scrap metal exported. The official number of employees in these companies was only a few dozen people,” the expert said.
As reported, in January-November 2025, scrap metal collection companies in Ukraine increased their exports of ferrous metal scrap by 45.3% compared to the same period in 2024, from 261,578 tons to 380,165 tons.
In 2024, Ukraine’s scrap metal collection companies increased their exports of ferrous metal scrap by 60.7% compared to 2023, to 293,190 thousand tons from 182,465 thousand tons. In monetary terms, scrap exports for the year increased by 73.2% to $91.311 million from $52.723 million.
Earlier, Valentin Makarenko, chairman of the board of Interpipe Vtormet, said in an interview with Interfax-Ukraine that ferrous metal scrap exports have always been and remain a threat to the Ukrainian metallurgical industry, as they exacerbate the shortage of this raw material on the domestic market. In addition, this problem is compounded by the fact that during the war, the area suitable for scrap collection is shrinking.
“At present, I do not see any other effective mechanisms for stabilizing the market and reducing scrap exports, except for an administrative ban on the export of this strategic raw material outside Ukraine at the state level,” the chairman of the board concluded.
China has abolished a 30-year tax exemption on condoms and a range of contraceptives and started imposing a standard VAT of 13% on them from January 1, 2026, media reported. The decision is seen as part of a package of measures to stimulate the birth rate amid a continuing decline in the number of births and an aging population.
Earlier, Chinese authorities also announced the launch of a nationwide childcare subsidy program – the payment amounts to 3,600 yuan a year (about $500) for each child under the age of three.
In addition, the government encouraged universities to introduce “love education” courses – training focused on fostering positive attitudes toward marriage, family and having children.
According to Serbian Economist, the Office of Foreign Assets Control of the US Department of the Treasury (OFAC) has issued a temporary license to Serbian oil company NIS, controlled by Russian shareholders, to continue operating until January 23, 2026, said Serbian Minister of Mining and Energy Dubravka Djedovic-Handanovic.
According to her, the decision means the resumption of operations at the Pančevo refinery after a 36-day pause. U.S. restrictions, which came into effect in the fall, had earlier blocked oil supplies via the refinery’s only crude import route – through Croatian pipeline operator JANAF.
NIS operates a refinery with a capacity of 4.8 million tons per year and the largest network of gas stations in Serbia (327 stations), providing about 80% of fuel consumption in the domestic market.
Earlier OFAC gave NIS a deadline of March 24 to negotiate the sale of the Russian owners’ stake; in the company’s capital structure Gazprom owns 11.3%, Gazprom Neft – 44.9%, the Serbian state owns 29.9%. Serbian President Aleksandar Vucic reported that Gazprom was in talks with Hungary’s MOL about a possible deal.
https://t.me/relocationrs/2042
Ukraine ranked fifth among countries that were sources of accumulated foreign direct investment (FDI) in Cyprus in 2024, reports the Experts Club information and analytical center.
The total volume of accumulated inward FDI in 2024 is estimated at €365.07 billion, with Ukraine accounting for €10.64 billion, or 3% of the total.
Russia remains the largest source of investment with €83.46 billion (23%), followed by the United States with €66.57 billion (18%), Luxembourg with €32.10 billion (9%), the United Kingdom with €17.17 billion (5%), Ukraine – €10.64 billion (3%), the Netherlands – €6.90 billion (2%), and Israel – €5.10 billion (1%).
In addition, the data mentions the Cayman Islands (€8.4 billion), other countries in the Middle East (€7.6 billion), the Marshall Islands (€3.5 billion), and the British Virgin Islands (€2.4 billion).
The Central Bank of Cyprus also notes a decrease in the total volume of accumulated FDI: from €489.4 billion in 2022 to €394.0 billion in 2023 and €365.07 billion in 2024; The figure for Russia for this period fell from €135.7 billion to €83.46 billion.
The Central Bank of Cyprus notes that this refers to FDI “positions” (the accumulated volume of equity participation and intra-corporate loans), rather than new investment flows into the real economy.
The Cabinet of Ministers of Ukraine has maintained zero quotas for the export of natural gas of Ukrainian origin in 2026, according to Government Resolution No. 1795 of December 31 on the list of goods whose export and import are subject to licensing and quotas.
According to the document, exports of natural gas of Ukrainian origin in 2026 will continue to be subject to quotas, with the quota set at zero.
The resolution is published on the government’s website.
The Cabinet of Ministers of Ukraine has abolished quotas on the export of table salt for 2026, according to Government Resolution No. 1795 of December 31 on the list of goods whose export and import are subject to licensing and quotas.
According to the document, there will be no quotas on the export of table salt in 2026, whereas in previous periods, exports of this product were limited by zero quotas.
The resolution is published on the government’s website.
