The Russian diamond miner ALROSA paid almost 79 billion rubles ($856.4 million) in tax contributions to the Republic of Yakutia in 2023, which set a new record for the company.
The main part of the payments was the mineral extraction tax in the amount of 39 billion rubles, which was 75% higher compared to 2022. The ALROSA group accounts for 32% of Yakutia's consolidated budget revenues and 58% of the revenues received from all large enterprises of the republic.
“ALROSA is registered in Mirny, most of our subsidiaries and main production facilities are located in Yakutia. Therefore, 3/4 of all tax payments go to the state budget of the republic and the budgets of municipalities, providing almost a third of all revenues of the consolidated budget of Yakutia,” said ALROSA's CEO Pavel Marinychev.
“The amount of taxes paid from ALROSA last year was a record in the history of Yakutia.”
In 2023, ALROSA’s total tax and mandatory payments to budgets of all levels and extra-budgetary funds amounted to 101 billion rubles.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
