The Ukrainian Metal

Russia: Severstal claims from tax service down

Severstal management has reviewed the sum of possible claims from tax service and decreased it 50-fold.

As of December 31, 2016 the possible tax claims were estimated at $400 million. In April it became known that the company had been able to decrease the claims almost 3-fold, to $132 million. According to the latest information that amount is now only $8.

Severstal finances and economy deputy director Alexei Kulichenko said the company had been able to settle all the matters with the Federal Tax Service.

“We are in a constant contact with the tax service, we provide them all the necessary information at once”, he noted. (Ukrainian metal)

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