Russian Ministry of Finance doesn’t rule out “unfreezing” of export duty

The Russian Finance Ministry is ready to discuss oil export duty rate reduction in 2016. Experts believe that the conditions for its "defreezing" are comfortable for the budget, and the effect will be positive for the industry.

- If someone seriously makes this up for discussion, we will discuss and look at the situation. To date, in our opinion, there is no prerequisite for this. But I wouldn’t like my comment was interpreted as a signal that this discussion wsa started. It is not, - said the Deputy Finance Minister Ilya Trunin.

A source of the Izvestiya in the Energy Ministry said earlier that such proposal was being prepared. However, the Ministry didn’t provide official comments on the matter.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer