Skip to content

News Feed

Ukraine Daily
News from
Ukraine in your
7:56 PM
Andrii Ivanchuk, a member of the Ukrainian parliament since 2012, died overnight on Sept. 25, the parliament's chairman Ruslan Stefanchuk announced.
4:56 PM
Fragments from a S-300 missile have been found in Transnistria, independent Russian media outlet Meduza reported on Sept. 25. The rocket fragments were found in a field in Chitcani, about 20 kilometers from the border with Ukraine.

watch us on facebook

Edit post

Parliament passes ‘anti-Akhmetov’ tax law that raises iron ore rents, triples carbon tax

by Max Hunder November 30, 2021 6:42 AM 1 min read
This audio is created with AI assistance

Parliament voted the bill through in its second reading. The bill had been labelled as “anti-Akhmetov,” as two of its key provisions will hurt the steelmaking and energy business interests of Rinat Akhmetov, Ukraine’s richest man.

The provisions in question are a new calculation system for iron ore mining rents based on global market prices, and a tripling of the industrial carbon dioxide emission tax from $0.37 to $1.11 per ton. The bill contains several other tax changes, such as the implementation of an 18% levy on agricultural produce sales above $2,800 a year.

Finance Minister Serhiy Marchenko told parliament in September that the new law could raise between $920 million and $1.3 billion of extra tax revenue annually.

The law’s passing comes at a time of great tension between Akhmetov and the President’s Office, with President Volodymyr Zelensky alleging in his Nov. 26 press conference that Ukraine’s intelligence services had obtained evidence that Akhmetov was being pulled, possibly without his knowledge, into a Russian-backed coup attempt due to take place on Dec. 1. Akhmetov denied the accusations.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

Editors' Picks

Enter your email to subscribe

Please, enter correct email address


* indicates required
* indicates required


* indicates required
* indicates required


* indicates required


* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.