Metinvest reduced tax payments by 6% due to port problems and shelling

In January-September 2026, Metinvest Group paid UAH 13 billion in taxes and fees to budgets of all levels in Ukraine. This is 6% less than in the same period last year.

The company reported this.

The largest decrease was in VAT revenues — by 36%, to UAH 914 million, and income tax — by 26%, to UAH 1 billion.

Payment of land tax decreased by 6%, to UAH 944 million, personal income tax — by 3%, to UAH 2.4 billion, military duty — by 2%, to UAH 678 million.

At the same time, Metinvest’s Ukrainian enterprises paid UAH 3.5 billion for the use of subsoil, UAH 2.6 billion in single social contribution, and UAH 511 million in environmental tax.

The company attributes the deterioration of working conditions to Russian shelling of production, energy and logistics infrastructure. In September, Kametstal and Zaporizhstal suspended production after attacks. In total, the enterprises were hit six times by 27 ballistic missiles in August-October.

Metinvest cites problems with sea exports as a separate factor. Due to restrictions on the operation of Black Sea ports, it is more difficult for metallurgical enterprises to export products, and alternative routes increase logistics costs.

Exports are also being pressured by the reduction of EU duty-free quotas for Ukrainian steel and the costs associated with the CBAM mechanism.

Metinvest CEO Yuriy Ryzhenkov called on the government to focus on restoring stable port operations, as well as seeking to expand quotas for Ukrainian steel in the EU and alleviate the financial burden from CBAM. USM previously reported that the Russian Federation’s attacks and the blockade of Black Sea ports affected Zaporizhstal’s losses.