Ukraine: coal deals to be free from VAT
The Ministry of finances, the State Fiscal Service and the state enterprise Energorynok have settled the changes to the rules of VAT-taxing of coal and electricity supplies.
The Ministry of finances, the State Fiscal Service and the state enterprise Energorynok have settled the changes to the rules of VAT-taxing of coal and electricity supplies.
Coal deliveries have been renewed and Ukraine can now increase its stocks by 20-30 thousand tons per day.
The so-called Donetsk People’s Republic increases coal mining. In September “the republic” mined around 1 million tons of coal. At the same time, in June 2014, before the military activities began in the region, it yielded 2.8 million tons of coal per month. Thus, the now Ukraine-uncontrolled territories mine one third of the pre-war volumes.…
The self-proclaimed Donetsk People’s Republic has renewed coal supplies to Kiev.
In January-September coal mining in Ukraine due to the military activities in Donbass fell almost twice YoY, from 53.4 million tons to 29.64 million tons.
The Ministry for energy and coal industry wants the International Monetary Fund, Ukraine’s key creditor, to help reform the coal industry, which has been suffering from the lack of the budget support for over a year.
In January-August Ukraine imported $1121.34 million worth of anthracite and black coal, including $138.11 million in August.
The head of the Lviv region state administration Oleg Sinyutka, Lvivugol representatives and Lviv region coal industry trade union have discussed the debts to the Lviv miners.