- Ukrainian tax authorities suspended Ferrexpo’s VAT refund.
- The refund is worth 512.9 million hryvnias, which is about 12.36 million dollars.
- Ferrexpo says the decision will strain its liquidity.
- Executive Chair Lucio Genovese said the suspension will place significant stress on the business.
Source: reuters.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
