: :inin Kyiv (EET)

Ukraine’s state budget books UAH 5.3 billion loss of tax revenue due to occupation of Crimea and part of Donbas regions


The Russian occupation of Crimea and military operations in the Donbass conflict zone resulted in budget loss of UAH 5.3 billion of direct tax revenues.
Deputy Chairman of Ukraine’s State Fiscal Service Anatoliy Makarenko made the statement during a hearing in Parliament’s committee on taxation and customs policy on Wednesday, Ukrinform reports.
“Losses due to the crisis in Crimea amounted to UAH 1.8 billion. The situation in the Donbas conflict zone decreased revenues from Donetsk and Luhansk regional customs offices by UAH 3.5 billion,” the official said.
According to him, due to steep decline in car demand in 2014 and oil price slump the nation’s budget also received less direct tax revenues totaling UAH 4 billion and UAH 400 million respectively.

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