Russia Said Near Oil Tax Plan That May Cost State $6.6 Billion
This article is for subscribers only.
Russia has started work on a final three-year oil tax plan that may cost the state as much as 240 billion rubles ($6.6 billion) in favor of producers next year, according to two state officials.
Deputy Prime Minister Arkady Dvorkovich is leading a meeting today to decide on tax rates on oil production, choosing between two proposals that will cut revenue by 185 billion or 240 billion rubles, the two officials said, asking not to be identified as the information isn’t public yet.