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Russia’s budget to get over RUB 600 bn in additional revenue in 2014-2016

The tax will be raised from 470 roubles per tonne to 491 rouble per tonne in 2014, to 515 roubles per tonne in 2015, and to 545 roubles per tonne in 2016

Photo ITAR-TASS

Photo ITAR-TASS

MOSCOW, September 18 (Itar-Tass) - The Russian budget will get 619.3 billion roubles in additional revenue from raising the extraction tax in 2014-2016. The Finance Ministry said on Wednesday, September 18.

The tax will be raised from 470 roubles per tonne to 491 rouble per tonne in 2014, to 515 roubles per tonne in 2015, and to 545 roubles per tonne in 2016.

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Ukrainian president admits Russian troops’ advancement

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