Mining and metallurgical group "Metinvest" reduced tax payments in Ukraine amid Russian strikes on enterprises, production stoppages, and complications in exporting metallurgical products. Revenues from value-added tax and income tax decreased the most, while the company warns of the risk of further deterioration in the industry.

This was reported on November 9 by the press service of "Metinvest", publishing the results of tax and fee payments for nine months of 2026.

In January-September, the group's enterprises, including associated companies and joint ventures, transferred to budgets of all levels in Ukraine 13 billion UAH in taxes and fees. This is 6% less than in the same period of 2025.

The most significant reduction was in value-added tax payments - by 36%, to 914 million UAH. Income tax revenues decreased by 26%, to 1 billion UAH.

In addition, land tax payments decreased by 6%, to 944 million UAH. Withholdings of personal income tax decreased by 3%, to 2.4 billion UAH, and military levy - by 2%, to 678 million UAH.

At the same time, over nine months, Ukrainian enterprises of "Metinvest" transferred 3.5 billion UAH of payment for subsoil use, 2.6 billion UAH of the unified social contribution, and 511 million UAH of environmental tax.

The company associates the deterioration of financial indicators with large-scale problems in the mining and metallurgical industry. Among the main factors are Russian shelling of production facilities, damage to energy and logistics infrastructure, and export restrictions.

In particular, in September, due to the consequences of Russian attacks, the metallurgical plant "Kametstal" and the joint venture "Zaporizhstal" stopped production.

According to "Metinvest", during August-October these enterprises were subjected to six strikes with a total of 27 ballistic missiles. This number does not include regular drone attacks and guided aerial bombs.

The consequences of the shutdown of large enterprises have already affected the indicators of the entire metallurgical industry.

As previously reported "Kurs Ukrayiny" citing a study by the Center for Economic Strategy, in September 2026 metallurgical production in Ukraine decreased by approximately 80% compared to the same month last year.

According to the CES estimate, Russian attacks hit seven blast furnaces: five at "Metinvest" enterprises and two at the "ArcelorMittal Kryvyi Rih" plant. The shutdown of production capacities severely limited the ability of Ukrainian metallurgists to produce output.

In addition to direct losses from shelling, enterprises face export problems. "Metinvest" emphasizes that the blockade of Black Sea ports, the reduction of EU duty-free quotas on Ukrainian steel, and the implementation of the CBAM carbon border adjustment mechanism increase producers' costs.

An increase in electricity and railway transportation tariffs creates additional pressure on the industry.

General Director of "Metinvest" group Yuriy Ryzhenkov warned that further deterioration of metallurgists' situation could lead to job losses and a reduction in budget revenues.

"We are at a critical point", - the company's CEO said.

According to him, Ukrainian producers are gradually losing the ability to manufacture and export steel. To stabilize the industry, he called on the government to make efforts to restore port operations and to defend the interests of Ukrainian metallurgists more actively in negotiations with the European Union.

In particular, the company proposes seeking an increase in quotas for Ukrainian steel and exempting Ukrainian producers from the financial component of CBAM.

Ryzhenkov emphasized that without appropriate decisions, the crisis could deepen, and the reduction in production would negatively affect not only enterprises but also state and local budgets.

For comparison, in the first half of 2026, "Metinvest" paid 8.5 billion UAH in taxes and fees in Ukraine. For all of 2025, the total payments amounted to 18.7 billion UAH.

At the same time, the published indicators reflect the actual reduction in payments over nine months, but do not allow determining separately what share of this decrease is related directly to Russian attacks and what share is related to trade restrictions and other economic factors.

Based on materials: Group "Metinvest", Center for Economic Strategy