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Rent rate for subsoil in Ukraine will be increased to the world average

Mining industry / Ukraine

This was announced on the sidelines of the Verkhovna Rada by the head of the committee on finance, tax and customs policy, deputy from the Servant of the People faction, Daniil Getmantsev.

Rent rate for subsoil in Ukraine will be increased to the world average

The rate on subsoil use in Ukraine should be at the world average, said on the sidelines of the Verkhovna Rada the head of the parliamentary committee on tax and customs policy, deputy from the Servant of the People faction, Daniil Getmantsev, reports IA REGNUM .

“It is of fundamental importance that we in Ukraine will not have the lowest rate in the world for ore mining,” he said.

He also acknowledged that the rent bill needs further work. According to Getmantsev, negotiations with metallurgists on the size of the increase in the rent for ore mining continue.

Draft Law No. 1210, which provides for a sharp increase in rent for the extraction of iron ore in Ukraine, experts have already called ill-conceived and disastrous for the Ukrainian mining and metallurgical sector as a whole.

According to market participants, this can lead to an increase in rental payments by 4-5 times.

Minister of Economic Development, Trade and Agriculture of Ukraine Tymofiy Mylovanov told reporters that he could not assess the proposed bill, because he did not have time to get acquainted with it.

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