Metinvest and ArcelorMittal object to the Rada’s move to raise royalties on iron mined in Ukraine.

Metinvest’s Ryzhenkov says that the company paid $370 million in taxes during the first half of the year – seven times more than in the first half of last year. “The budget is getting more money today than before,” the company general director told reporters. “This whole super-cycle translates into net profit, from which we pay the rent.”