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Finance Ministry hopes to agree natural resources production tax with Gazprom

April 06, 2012, 14:32 UTC+3
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ENGELS, April 6 (Itar-Tass) —— Russia’s Finance Ministry hopes to agree finally with Gazprom the rate of natural resources production tax (NDPI), Finance Minister Anton Siluanov told reporters on Friday.

He added that discussions continue.

“Right this week we had several meetings, and I believe next week we shall reach a final agreement with Gazprom, and will report on it,” he said.

The suggestion on introducing the NDPI on gas, which is 80 percent of the gas price, from July 1 of 2013 will bring additional 50 billion rubles to the Russian budget over six months’ period.

Earlier, the Finance Ministry and the Ministry of Economic Development discussed the rate of the NDPI on gas: the economic development ministry suggested charging 100 percent, while the finance ministry suggested 80 percent. The issue is still on the agenda, Siluanov said.

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