Russia Said to Move Closer to New Oil Tax to Spur Production

Updated on
  • Finance Ministry prepares alternative to Energy Ministry plan
  • Kremlin to make final decision on tax system, Vedomosti says

Russia took another step toward changing how it taxes the oil industry after the Finance Ministry proposed reducing its reliance on duties tied to crude production with a new levy on earnings.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.