04:16 AM EDT, 08/06/2026 (MT Newswires) -- Ferrexpo (FXPO.L) subsidiary Ferrexpo Poltava Mining, or FPM, filed formal objections against a 35.3 billion Ukrainian-hryvnia penalty issued by the Ukrainian tax authorities, according to a Thursday filing. The penalty relates to FPM's compliance with currency control restrictions imposed by the National Bank of Ukraine following Russia's invasion. The tax audit covered the period from July 1, 2021, through Dec. 31, 2025. The London-listed iron ore producer's unit said the unscheduled documentary internal review carried out by the authorities was "irregular," executed with "multiple procedural violations," and failed to consider key factual circumstances.

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