The export of Ukrainian iron ore fell by 12%: not only the world is under pressure, but also the state.
Miners are no longer among the top three exporters: in the first half of the year, ore exports fell to 16.14 million tons. This is minus 11.9% compared to the same period in 2024.
The reasons are not only the global situation, but also internal pressure, writes Liga.Net.
▪️ high tariffs of state monopolies
▪️ increase of land tax by 2.6 times
▪️ delays with VAT refunds
▪️ direct war losses
Due to the suspension of VAT refunds, the Ferrexpo company has already transferred a third of its employees to a reduced schedule or vacation.
The share of ore in national exports still reaches 6.35%. But without changes in the tariff and tax policy, the industry will shrink, and the state will receive less taxes.
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