Formidable Sarmat: Satan’s successor that can pierce any defenseMilitary & Defense October 25, 16:37
Russia seeks to grasp US intentions to respond to more possible sanctionsRussian Politics & Diplomacy October 25, 16:31
Isinbayeva calls for joint efforts to fight doping at global levelSport October 25, 16:11
Kremlin believes Putin knows about financial situation of RosneftegazBusiness & Economy October 25, 16:09
Russian lawmaker cites US hostile policy as reason for suspending plutonium dealRussian Politics & Diplomacy October 25, 15:33
Russian forces assume combat duty in all Arctic garrisons — ministryMilitary & Defense October 25, 15:13
Aviation Committee completes probe into Falcon jet crash in Moscow’s Vnukovo airportWorld October 25, 15:04
Turkey, Russia exchange intelligence information on Syria — ministerWorld October 25, 14:38
Kremlin comments on hacker allegations against Putin's aide SurkovRussian Politics & Diplomacy October 25, 14:17
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.