This article presents the results of research on the influence of polymetallic-dust aerial emissions on the pollution levels in the soil and plants by heavy metals, which have been under the impact of the “Severonickel” smelter complex on the Kola peninsula (Russia) for more than 40 years. Research using soil and plant indicators was carried out at monitoring plots in the years 1980–1999 (with high aerotechnogenic emissions) and 2000–2019 (with low aerotechnogenic emissions). The organic horizon (forest litter) of the Al-Fe-humus podzol, assimilation organs of Vaccinium myrtillus L., V. vitis-idaea L., V. uliginosum L., Empetrum hermaphroditum Hagerup, and Pinus sylvestris L. as well as tree rings of Scots pine were used for bioindication research. The content of heavy metals was determined using the AAS method. During these time periods, the emissions of polymetallic dust decreased 3.5 fold, while the level of forest litter contamination with heavy metals in the buffer and impact zones increased by 2–5 times, resulting in increased phytotoxicity of the soil and reduced habitat quality for forest plants. At present, the content of Ni and Cu in the leaves (needles) of the plant indicators in the impact zone has decreased by 3–8 times compared with 1980–1999 but their elevated levels pose a potential health risk. The decrease in atmospheric emissions of pollutants led to a 1.5-fold increase in the width of the annual rings of pine trunks in the impact zone, which may indicate the beginning of the recovery of pine-trunk-wood productivity.