Russia: Annual reporting deadline for scrap metal industry set till 1 Feb 2025

As per recent industry news, businesses in Russia's scrap metal sector face an important regulatory obligation.

Between 20 January and 1 February 2025, companies must submit their annual reports for 2024.

The report, Form No. 14-MET (Scrap), provides detailed data on the generation, use, and management of ferrous and non-ferrous metal scrap. This information is critical for regulatory oversight, helping to ensure the efficient and sustainable operation of the scrap metal industry within Russia's circular economy.

Reporting requirements

The obligation to submit Form No. 14-MET applies to legal entities licensed to collect, store, process, and sell scrap metal. Microenterprises--defined as businesses with less than 120 million rubles in annual revenue and no more than 15 employees--are exempt from this requirement.

For those required to comply, accuracy is crucial. Reports must balance figures on scrap generation and usage, with any discrepancies corrected before submission.

Submission guidelines

• Data requirements: Reports must include figures categorised into ferrous and non-ferrous metals.
  
  
• Regional reporting: Separate reports are required for company subdivisions in different regions.
  
  
• Submission methods: Reports can be submitted online via Rosstat's platform or through authorised software like 1C or Kontur.
  
  

Significance of compliance

Meeting this requirement is essential for maintaining licenses and avoiding penalties. Accurate reporting also supports industry transparency and contributes to effective policy development for sustainable resource management.

By adhering to these regulations, businesses play a key role in fostering accountability and supporting Russia's environmental and economic objectives.