Ukraine stiffens the export of iron ore procedure

Ukraine stiffens the export of iron ore procedure

Ukrainian Cabinet of Ministers made the export of iron ore procedure more difficult from Ukraine. This issue is discussed in the commission acting Prime Minister Nikolai Azarova. The export of iron ore will be depending on the licenses given by the Minister of Economy from December 1, 2004 or given out earlier, but only after preliminary survey done by the Ministry of Economy during December. These measures are taken in order to protect the domestic iron ore producers and Ukraine as a whole because Ukrainian iron ore is exported on the prices which are lower than international prices. Accordingly, Ukraine announced the rates of export customs duty for ore agglomerating as €10 per ton, for concentrate iron ore as €15 per ton and for pellets and iron ore as €20 per ton. Because of the lower export prices, Ukraine recorded less income in the eight months of the year.