The Verkhovna Rada committee on economical development has approved of a draft bill No. 2426 on amendments to some bills on de-shadowing of metal raw materials market and operations with metal scrap.
At present some 80% of the scrap market are in the shadow.
“With this bill we create the opportunity to bring some 16 billion UAH back to the light. And the state will receive 900 million UAH of additional taxes”, one of the bill authors Dmitry Kisilevsky declared.
As scrap is a strategic raw material for the metal industry, the de-shadowing of the market will help increase procurement. (Ukrainian metal)