Iraqi president calls for dialogue with KurdsWorld October 18, 8:20
Clashes between police, protestors over in downtown KievWorld October 18, 5:38
No plans to turn Kapustin Yar testing range into space center — chiefScience & Space October 18, 4:14
US court turns down Russia tycoon Deripaska’s libel suit against APWorld October 18, 4:13
Russian Defense Ministry tests new missile for Iskander short-range systemMilitary & Defense October 18, 1:18
Moscow court prolongs house arrest for director Serebrennikov to Jan 19, 2018World October 18, 1:11
Rusisan tennis star Sharapova comments on her performance in VTB Kremlin CupSport October 17, 19:29
Russia blacklists almost 400 football fansSport October 17, 18:48
Window for dialogue with Ukraine still open — diplomatRussian Politics & Diplomacy October 17, 18:40
MOSCOW, November 25. /TASS/. Russian President Vladimir Putin has signed a law on the tax maneuver in the oil industry, according to a document posted on the government’s legal information website on Tuesday.
The tax maneuver is set to reduce export duties on oil by 1.7 times and petroleum products by 1.7-5 times gradually over the next three years and simultaneously raise the minerals extraction tax on oil by 1.7 times and gas condensate by 6.5 times.
Excise duties on petroleum products will be reduced gradually to prevent oil petroleum product price hikes on the domestic market and minimize negative shocks for some sectors of the economy.
The tax maneuver specifies the procedure of calculating decreasing coefficients for the oil extraction tax and the oil export duty to maintain existing fiscal stimuli in the oil extraction industry.