You're reading: Steel Guru: Government extends subsidies to mining and metallurgical companies

The Ukrainian cabinet of ministers granted benefits for the domestic chemical as well as mining and metallurgical companies, i.e. imposed a moratorium on the increase of railway transportation and electricity supply tariffs. Initially, the decision was effective until January 1st 2009, but after a series of prolongations was extended until October 1st 2009. The MoU expired on Jan. 1, however, the tax benefits continued to be granted.

Ukraine extends MoU with mining and metallurgical companies