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Russia Oil Tax Changes

Russia Oil Tax ChangesRussia Oil Tax Changes

Russian President Vladimir Putin approved changes to a tax law on Tuesday reducing oil export duties and increasing taxes for mineral extraction in a bid to balance the needs of producers and the Russian budget, Reuters reported. The changes to the tax law, known as the "tax manoeuvre", have long been the focus of the industry and faced resistance from Rosneft and some lawmakers.

 

Financialtribune.com