[Summary translation prepared by Business & Human Rights Resource Centre]

Economic Security Bureau of Ukraine suspects mining and processing plants of evading UAH 10bn in taxes. It is likely to be Zhevago's enterprises, 18 November 2022

Officers of the Economic Security Bureau of Ukraine are conducting investigative actions and searches in administrative and office buildings of two mining and processing plants that carry out primary processing of minerals. Law enforcers do not voice who is the owner of the mining and processing plants. "Interfax-Ukraine" citing a source writes, that it is about Konstantin Zhevago.

According to the Economic Security Bureau of Ukraine, the companies are suspected of deliberately understating the rent payment for subsoil use by UAH 10bn.

Income of Ferrexpo, which controls Poltava and Yerystivsky mining and processing plants in Ukraine, totalled $936m (-31%) in January-June 2022. The main reason is the decrease in production, the company explained.