The state of Ukraine owes the mining-metallurgical complex of 7 billion UAH (325,5 million dollars) in unpaid VAT, according to the Federation of metallurgists of Ukraine.
According to the latest data, in the whole mining and metallurgical complex the amount of state debt on VAT came to 7 billion UAH, of which almost 6 it directly metallurgists, another billion to other sectors of the mining and metallurgical complex. If in the near future this issue somehow in a positive way is not resolved, some businesses can be stopped, said the head of the Federation of metallurgists of Ukraine Sergey Belenky after a meeting with the leadership of the Ministry of Finance.
According to Belenky, this puts the industry under the threat of termination of the: lack of working capital excludes the possibility to invest in the development to pay off the contractors, which will lead to the decline of related industries.
According to GFS, the state debt on VAT refunds to companies of Ukraine at the end of may amounted to UAH 12 billion ($558 million). The greatest debt to the metallurgical enterprises about 7 billion UAH.
Most of all, the state should ArcelorMittal Kryvyi Rih (UAH 1.4 billion), MMK im. Ilyich (1.1 billion UAH), Azovstal (0.86 billion UAH, iron and steel (0,72 billion), Dniprovskiy metallurgical plant im. Dzerzhinsky (0,91 billion UAH).