The Ukraine’s mining and metallurgical enterprises are about to be shut down

In the near future some enterprise of the mining and metallurgical sector of the Ukraine might be shut down due to the absence of working capital.

The head of the Federation of Metallurgists of the Ukraine, S. Belenkiy, said that the Government owes over 6 bln grivna of non-returned value added tax to metallurgical plants.

“If this issue is not settled in the positive direction in the near future, some enterprises might be shut down”, he said.

The Government owes over 1 bln grivna of non-returned VAT to the mining companies of the Ukraine.

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