
Ukraine's waste market: UAH 48.8bn revenue at 0.4% profitability
YC.Market analysis reveals that Ukraine's waste management sector generates high turnover but yields almost no profit, despite volume growth driven by the war.

YC.Market analysis reveals that Ukraine's waste management sector generates high turnover but yields almost no profit, despite volume growth driven by the war.

Investigation completed in case of large-scale tobacco production and sales scheme in Odesa and Ternopil regions. Indictment submitted to court.

Registry analysis shows that the Domino chain lacks LLC status and trades through sole proprietors with strict income limits, despite public press releases about large charitable donations.

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The Armed Forces of Ukraine Law Enforcement Service officially refuted online reports of two prisoners of war escaping and the shooting of an AFU Law Enforcement Service vehicle.

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Italian law enforcement detained a 22-year-old man who was preparing explosions at a synagogue and a mosque in a Milan suburb.

The French government announced funding for the modernisation of educational institutions and changes to the higher education system in response to youth demonstrations.

Public statements by Donetsk entrepreneur Anton Shukhin regarding the transfer of humanitarian aid to the Armed Forces of Ukraine contradict the actual legal structure of his business. An analysis of open registries revealed that the Domino clothing store chain does not exist in the form of a limited liability company, but functions primarily through sole proprietors (SPOs) of the second taxation group.
Shukhin regularly disseminates press releases about humanitarian aid. One of the latest such messages concerned the purchase of an armoured Hilux SUV worth approximately 3 million hryvnia. According to the owner, the vehicle was bought at the expense of the chain's profit for the period from 23 to 24 August.
However, verification of the data indicates a different picture. The company LLC "Domino Group", founded by Shukhin in Donetsk in 2010 with a charter capital of 5,000 hryvnia, ceased operations in the summer of 2014. To date, among the active legal entities associated with Shukhin, only a charitable foundation, a small footwear manufacturing facility in Dnipro, and a company declaring fuel trade are listed. No LLC officially conducting retail trade under the Domino brand is registered.
In Odesa, on French Boulevard, SPO Shukhin Anton Serhiiovych of the second group is registered. The main type of his activity is indicated as "retail trade of clothing in specialised stores". For entrepreneurs of this group, strict financial frameworks are in force: the annual income limit is 6.67 million hryvnia (all receipts are considered without deducting expenses), and the tax burden is fixed — approximately 4,100 hryvnia per month (including the Unified Social Contribution and military levy).
Shukhin's claim of 3 million hryvnia in profit in just two days indicates that monthly turnover could reach tens of millions, and annual turnover — hundreds of millions of hryvnia. Such figures exceed the limit established for Group 2 SPOs by tens of times.
On the official Domino website, the chain is described as a "prestigious Ukrainian retailer" that has an online store and at least six boutiques in Kyiv, Khodosivka, and Odesa. At the same time, the owner of the online store is not publicly disclosed. Previously, other Group 2 SPOs acted as nominal persons: Shukhina Tetyana Oleksandrivna, Chuchuk Oksana Mykolaivna, and Khachhardzhi Ivan Vasylovych.
Currently, the website mentions unnamed "sellers — business entities". According to estimates from open sources, the number of such nominee SPOs could reach several dozen. Such a structure allows avoiding the payment of VAT and profit tax, replacing them with a fixed single tax. At the turnovers claimed by Shukhin, savings on VAT could amount to tens of millions of hryvnia per year.
An additional transparency issue is the cases of selling the chain's goods for cryptocurrency. Such settlements complicate the control of financial flows and can be used to bypass SPO limits and the obligation to declare income in the national currency.
Press releases about the transfer of vehicles, body armour, and other aid regularly appear in the media, but the wording regarding the sources of funds varies: in some cases, it mentions "profit", in others — "income" or "revenue". No open financial reports of the charitable foundation or the chain confirming the actual scale of operations have been publicly released.
While the businessman publicly demonstrates his support for the army, the structure of his business remains opaque. The declared financial indicators are incompatible with the tax regime in which Anton Shukhin officially operates.
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