---
title: "Russian Attacks on Metallurgical Plants Hit the Budget: Tax Losses May Reach Billions"
description: "Due to Russian attacks, Ukrainian metallurgical plants have halted operations, resulting in UAH 49.5 billion in tax losses over nine months of 2026 and threatening a wider budget gap."
date: 2026-10-12T10:46:00.000Z
lang: en
url: https://xab.info/en/posts/russian-attacks-metallurgical-plants-budget-losses-2026
tags: [metallurgy, state-budget, russia-attacks, economy-ukraine, taxes]
publisher: "XAB.info"
---

# Russian Attacks on Metallurgical Plants Hit the Budget: Tax Losses May Reach Billions

![Consequences of Russian attacks on Ukrainian metallurgical plants](https://xab.info/media/2026/10/12/ataki-rf-na-metallurgicheskie-zavody-byut-po-byudzhetu-2026/ataki-rf-na-metallurgicheskie-zavody-byut-po-byudzhetu-2026-1.webp)

## 🎯 Key Points

- In the first 9 months of 2026, the state budget lost UAH 49.5 billion in taxes due to attacks on production.
- Key MMC enterprises have stopped: InGOK, Zaporizhstal, Kametstal, Ferrexpo, and ArcelorMittal.
- By the end of the year, tax revenue losses could increase to UAH 70-100 billion.
- Serious risks arise for the execution of the revenue side of the 2027 state budget.

Russian military attacks on the production facilities and logistics chains of Ukrainian enterprises have led to massive financial losses for the state budget. According to analytical data, during the first nine months of 2026, the treasury failed to receive about UAH 49.5 billion in tax revenues. According to experts and specialized publications, by the end of the current year, this alarming figure could rise to UAH 70 billion, and under the most pessimistic scenario, total losses will reach UAH 100 billion.

### Crisis in the Mining and Metallurgical Complex

The main catalyst for the deterioration of the economic situation was the forced shutdown of operations at the largest enterprises of Ukraine's mining and metallurgical complex (MMC) as a result of systematic strikes. The Southern Mining and Processing Plant (InGOK), Zaporizhstal, Kametstal, Ferrexpo, and ArcelorMittal Kryvyi Rih have suspended operations. Such a scale of destruction and downtime creates colossal risks for the stability of filling both state and local budgets in the regions where these giants operate.

### Financial Performance and Scale of Losses

The scale of losses is illustrated by figures from previous periods: in the first half of 2026 alone, Metinvest enterprises — InGOK, Zaporizhstal, and Kametstal — paid UAH 4 billion in taxes to budgets at all levels. For InGOK, a critically important budget revenue item was the fee for the use of subsoil, so the complete shutdown of mining directly collapses these revenues. At the same time, enterprises are trying to maintain salary payments to employees, supporting related social taxes.

### Threats to Next Year's Budget

The crisis in metallurgy inevitably goes beyond a single industry, undermining the ability of all Ukrainian business to predict its operations and generate future tax payments. This creates serious threats to the draft state budget for 2027, which projects UAH 2.8 trillion in tax revenues. Daniil Hetmantsev, head of the Verkhovna Rada tax committee, warns that actual revenues may turn out to be UAH 90 billion lower than the government plan due to infrastructure destruction and export disruptions.

### Necessary Anti-Crisis Measures

To prevent the complete collapse of key sectors and stabilize the economy, experts insist on the urgent adoption of state decisions. Enhanced air defense protection of industrial facilities, stable energy supplies, security of port logistics, predictable tax policy, access to long-term lending, and the expansion of war risk insurance instruments are required. Without a comprehensive approach, the gap between planned and actual budget revenues will only increase.

## 🔍 Fact-Check Verification

- [Атаки РФ на металлургические заводы бьют по бюджету: потери налогов могут составить миллиарды](https://www.rbc.ua/ukr/news/ataki-rf-metalurgiyni-zavodi-b-yut-byudzhetu-1791801751.html) - Опубликованы данные о потерях 49,5 млрд грн за 9 месяцев 2026 года и угрозах бюджетам.
- [Остановка металлургии усиливает риски для бюджета: потери налогов могут достичь 100 млрд грн, – Forbes](https://www.unian.net/economics/other/ostanovka-metallurgii-usilivaet-riski-dlya-byudzheta-poteri-nalogov-mogut-dostich-100-mlrd-grn-forbes-13526154.html) - Подтверждены оценки Forbes Ukraine по пессимистическому сценарию потерь до 100 млрд грн.

## ❓ FAQ

### Q: How much tax revenue did the budget lose from metallurgy in 2026?
**A:** In the first nine months of 2026, the budget failed to receive about UAH 49.5 billion in tax revenues.

### Q: Which large enterprises have stopped operating?
**A:** Among the stopped enterprises are Southern GOK, Zaporizhstal, Kametstal, Ferrexpo, and ArcelorMittal Kryvyi Rih.

### Q: What are the loss forecasts until the end of the year?
**A:** By the end of the year, the amount of lost taxes may increase to UAH 70 billion, and under a pessimistic scenario — up to UAH 100 billion.