{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Russian State Duma passes bill on windfall tax for large companies in second reading

If a certain amount of funds of security payment is virtually transferred to the federal budget in 2023, the tax may actually equal the amount calculated at the rate of 5%

MOSCOW, July 19. /TASS/. Russia’s State Duma (lower house of parliament) has passed a bill in the second reading imposing a windfall tax on large companies. The document was proposed by the Russian government.

According to the document, the tax must be paid no later than January 28, 2024. It will be paid solely to the federal budget and will be a one-time fee, with around 300 bln rubles ($3.4 bln) worth of additional revenues expected.

The bill suggests imposing a windfall tax on entities whose average profit for 2021 and 2022 exceeded 1 bln rubles ($11.5 mln), defining that the tax base for this tariff is calculated as the increase of the arithmetic mean value of profit for 2021 and profit for 2022 over the arithmetic mean value of profit for 2018 and profit for 2019, while the tax rate is set at 10%

Meanwhile, if a certain amount of funds (of security payment) is virtually transferred to the federal budget in 2023, the tax may actually equal the amount calculated at the rate of 5%, while those funds will be set off against the windfall tax, the government said.

The bill also implies a number of categories of organizations that will be excluded from the number of windfall tax payers. The issue is about small and medium-sized enterprises, entities paying single agricultural tax, Russian organizations set up after January 1, 2021 (excluding those founded as a result of reorganization), foreign organizations that started activities in Russia through permanent missions after January 1, 2021.

Companies operating in the oil and gas sector as well as coal production are also excluded from paying the tax. Deputy Finance Minister Anton Siluanov explained earlier that additional tax exemptions on a mineral extraction tax and motor fuel duty are already envisioned for such companies this year.

It is suggested that if passed, the document will take effect on January 1, 2024.

"With the federal law ‘On windfall tax’ passed and implemented, the federal budget will receive 300 bln rubles ($3.4 bln) worth of additional revenues," according to the financial analysis of the draft law.

Tags

Trump promises to impose 25% tariff on all goods from Mexico, Canada

Mexico and Canada have every right and opportunity to easily resolve this long-standing problem, US president-elect said

UK mercenary taken prisoner in Russia’s Kursk area — source

"A mercenary from Britain has been taken prisoner in the Kursk area," the person said

Russia’s Medvedev warns Europe could face 'catastrophic damage' from Oreshnik missile

The Russian Security Council deputy chairman also commented on Vladimir Zelensky’s "resilience plan"

Rome plans to arrange Ukraine conference with Russia's participation

Ukrainian Foreign Minister Andrey Sibiga is set to attend the G7 foreign ministers' meeting on November 26, marking the end of Italy’s presidency of the informal group

US needs Ukraine's rare earth metals, including lithium — Lavrov

The Russian foreign minister noted that American companies had already bought up most of the fertile land

Cargo plane crashes near Vilnius Airport in Lithuania

One of the pilots reportedly survived the crash, while no information is currently available about the other people on board

France, UK may deploy troops to Ukraine following ceasefire — expert

According to Elie Tenenbaum, European countries may send troops to east Ukraine to ensure the observation of a ceasefire regime and guarantee Kiev’s security

Western countries to ignore ICC arrest warrant for Netanyahu — expert

Asked whether the ICC warrant might cause a rift among Western countries with different approaches to the Palestinian-Israeli conflict, Andrey Baklanov replied he was skeptical this might ever happen

Lebanon wary of reports of potential ceasefire with Israel

Beirut is cautious for now because it is dealing with Israeli Prime Minister Benjamin Netanyahu "and all previous deals with him have failed," Lebanese Parliament Deputy Speaker Elias Bou Saab pointed out

US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

Maria Zakharova stated that the US-NATO construction project, ongoing for nearly a decade with complete disregard to Russian security concerns, has consistently been a focus of Russia's attention

Romanian presidential candidate vows to end military aid to Ukraine

It is pointed out that Simion’s popularity has propelled him to number two in the polls after Prime Minister Marcel Ciolacu

Trump promises to impose 25% tariff on all goods from Mexico, Canada

Mexico and Canada have every right and opportunity to easily resolve this long-standing problem, US president-elect said

Conflict in Ukraine no longer regional war — German defense minister

Russian President Vladimir Putin said on November 21 that strikes on Russian territory with Western long-range missiles had made the conflict in Ukraine a global one

Zelensky shook up by Russia’s response to permission to attack it — Lavrov

According to the Russian foreign minister, the West is directly involved in the use of long-range weapons against Russia, as not a single missile could be launched without its involvement

Kiev has ‘no chance’ of retaking lost territories — Blackwater founder

Erik Prince noted that it was necessary to end the Ukrainian conflict as soon as possible

Restrictions under New START treaty don’t apply to Oreshnik missile — Russian diplomat

"As for New START, you are well aware of our decision to suspend it," Sergey Ryabkov said

US did not contact Russia after use of Oreshnik missile — Deputy Foreign Minister

In his televised address to the nation on November 21, Putin stated that the United States and its NATO allies had authorized the use of long-range high-precision weapons before US and British missiles struck Russian military facilities in the bordering regions of Kursk and Bryansk

Fire at warehouse in southern Moscow completely extinguished

The firefighters were able to stop the fire from spreading to the adjacent building, where freon is stored

North Korea dismantles power lines in Kaesong on border with South Korea

The South Korean servicemen speculate that the transmission line supports, which have been out of service since June 2020 when the power supply was cut after the bombing of the inter-Korean liaison office in Kaesong, will also be dismantled soon

Shooting of Selidovo residents by Ukrainian troops meant to repeat Bucha provocation

The shooting of civilians could have been meant to "simply intimidate people who want to continue living on their soil," Russian foreign ministry’s ambassador at large, Rodion MIroshnik said

US gives Ukrainian servicemen guidance on selecting targets for ATACMS — White House

The Ukrainian servicemen "are able to use ATACMS to defend themselves on an immediate need basis," National Security Council spokesman John Kirby said

Potential deployment of intermediate-range missiles depends on US moves — Russian diplomat

Sergey Ryabkov stressed that "any escalation scenarios, if they start to materialize, will be a direct consequence of the reckless" and "inhumane policy that is pursued by Washington and leading European countries"

No int’l restrictions on deployment of Oreshnik systems — senior Russian diplomat

When asked if the 1998 Russian-US memorandum of understanding on notifications of missile launches remained in effect, Sergey Ryabkov answered in the affirmative

No one wins in trade war, says Chinese embassy in US

Earlier, Trump promised to impose an additional 10% tariff on all goods from China due to the alleged large-scale drug smuggling from China into the US

Turkey to investigate causes of Russian Superjet emergency at Antalya airport

The Turkish side will also provide information on the progress of the investigation

Russia gave OPCW over 30 reports proving Ukraine used banned substances, official says

Kirill Lysogorsky noted that "the Kiev regime continues to systematically use toxic chemicals and chemical riot control agents"

US 'stains' reputation by vetoing UNSC resolution on Middle East — Russian diplomat

Russia "will continue insisting on the most resolute measures to stop the bloodshed in Gaza," Dmitry Polyansky added

London intensifies anti-Russian campaign in face of impending ‘Ukrainian project’ failure

The realization of the impending failure of the ‘Ukrainian project’ London has been staking on in hopes of capitalizing on plans to inflict a ‘strategic defeat’ on our country by proxy is now as clear as ever," the embassy said

Russia may soon push Kiev troops out of Kursk Region — Ukrainian battalion commander

It is noted that Russia has about three times as many men as the Ukrainians in the Kursk Region and six times as many explosive drones

Guterres condemns supply of anti-personnel landmines to Ukraine

The UN Secretary-General urged world leaders to join the Ottawa Convention

Any escalation scenario possible in Ukraine conflict — Medvedev

According to the politician, Western nations need to understand that they are fighting on Ukraine’s side

Russian forces pound Ukrainian military airfields, energy sites over day — top brass

It is specified that the Ukrainian army’s losses in the area of responsibility of Russia’s Battlegroup North in the Kharkov Region over the past 24 hours amounted to 30 personnel, two armored combat vehicles and four motor vehicles

Fire at Tupras oil refinery extinguished

No one was injured in the fire, the company said in a press release

French politician calls for protests against deployment of Western troops to Ukraine

Florian Philippot called on his supporters to rally "in support for peace and against this madness" on December 1

Ukrainian army mercenaries from Colombia linked to US-controlled drug cartels — expert

Commenting on the motivation of Colombian fighters to join the hostilities in Ukraine, Alexander Stepanov explained that it is linked to the situation in the South American drug trafficking market

Citizens of Poland, Germany, Italy apply for residence permit in Lugansk Republic

The decisions will be made in response to these applications in the near future

British military instructor captured, Ukrainian losses: situation in Kursk Region

In total, the enemy has lost more than 35,510 troops since the fighting began in the region

'Western vector' leaves Ukraine poorest country in Europe — politician

Ukrainians have never seen the promised freedom, Viktor Medvedchuk noted

Ukrainian officer says 90% of fellow servicemen have no desire to fight

According to Vyacheslav Khomenko, soldiers in his platoon don’t have required combat experience

Fire breaks out in Japan during test of Epsilon S rocket engine

There were no casualties as a result of the incident, Chief Cabinet Secretary Yoshimasa Hayashi said

Denmark, its neighbors hold talks with China about damaged cables under Baltic Sea-report

The Chinese ship is currently anchored in international waters in the middle of the Kattegat Strait off the Bjare Peninsula

T-90M tank shows itself as best in the world in real fight — Medvedev

Many experts believe this is the best tank of our time, compared to Western counterparts in particular, Deputy Chairman of the Security Council said

Europe resumes talks of troop deployment to Ukraine — newspaper

According to the sources, this is driven by the fact that Washington may scale back support for Ukraine after Donald Trump returns to office as US president on January 20, 2025

Zelensky begs ‘for his country to be flattened’ — US journalist

"Ukraine should be forever grateful that President Putin is calm, rational and kind - because Zelensky is practically begging for his country to be flattened," American political commentator Jackson Hinkle said

Emergence of new weapons changed canons of war, Medvedev says

According to Russian security council deputy chairman, this primarily concerns drones

British mercenary claims he was sent to Russia’s Kursk Region against his will

The captive explained that he had served as a private in a battalion for four months

US Justice Department drops federal cases against Trump — transition team

"Today's decision by the Department of Justice ends the unconstitutional federal cases against President Trump, and is a major victory for the rule of law," Steven Cheung, Communications Director of the polician’s transition team, said

Press review: Russia to mass-produce Oreshnik missiles and EU gas prices reach record high

Top stories from the Russian press on Monday, November 25th

Russians liberate about 8 square kilometers east of Velikaya Novosyolka in Donbass region

Earlier, Rogov said Russian forces had pushed toward that locality from Novodonetskoye in the southeast and Yasnaya Polyana in the northeast

Russia delivers 1,200 tons of humanitarian aid to Afghanistan over past year

Such work will continue, Russian Security Council Secretary Sergey Shoigu said

German activists demand compensation from Ukraine for Nord Stream explosion

The statement’s authors stressed that blowing up the Nord Stream pipelines was not aimed at Russia alone but "above all, was directed against Germany, its interests, and economy"

No shelling attacks recorded in DPR for first time this year

A spokesperson for the Joint Center for Control and Coordination of Issues Related to Ukrainian War Crimes (JCCC), in turn, told TASS that the last day when no shelling attacks were reported in the region was in 2023

Defense contractor delivers new batch of Su-34 bombers to Russia’s Aerospace Forces

The new fighter-bombers have undergone necessary testing and have been sent to the places of their operation, Vadim Badekha noted

Western air defense systems unlikely to intercept Russian missiles — France’s Le Monde

According to the French military source, Russia's recent use of the Oreshnik intermediate-range ballistic missile should be taken in the context of possible negotiations regarding the ongoing Ukrainian conflict

Russian national Nikita Zhuravel sentenced to 14 years in prison for high treason

Nikita Zhuravel was detained in May 2023 in Volgograd for setting fire to the Quran in front of a mosque, and during questioning, he confessed that he did it for money, under instructions from Ukrainian intelligence

Russia to develop bilateral cooperation with Afghanistan — Shoigu

He pointed out that to this end, Russia will continue to support Kabul's integration into regional structures and associations

Trump promises to impose 10% tariffs on goods from China, allegedly due to drug smuggling

"The Chinese authorities promised to take action to ensure the end of drug trafficking, but, as the president-elect has said, they never did and the flow of Chinese drugs continues in unprecedented amounts," US president-elect said

Senior envoy sees Putin’s statement as signal of Russia’s readiness for military responses

Sergey Ryabkov stressed that Russia has its underlying security interests "that will be ensured by every means that we have at our disposal"

UK delivered dozens of Storm Shadow missiles to Kiev weeks ago — news agency

Bloomberg pointed out that the missiles were sent before the US and UK authorization to use long-range precision-guided weapons to launch strikes from Ukrainian territory deep into Russia

Press review: Russian air defenses can down Western missiles as EU conducts live exercise

Top stories from the Russian press on Tuesday, November 19th

Kremlin spokesman says missiles like Oreshnik are developed in secrecy

Dmitry Peskov said that he himself did not know about this work before Russian President Vladimir Putin announced it

Three Ukrainians almost freeze to death trying to flee into Hungary across Tizsa

The border security service regularly reports about men of recruitment age risking their lives by trying to cross the border illegally in the woods or by swimming across the River Tisza, which separates Ukraine from Romania and Hungary

Kremlin refrains from predicting outcome of Romanian elections

Dmitry Peskov noted that Russia is well aware of Romania’s current government’s policy

Retreating Ukrainian troops leave dozens of bodies behind in Chasov Yar

According to the sources, some of these makeshift morgues were destroyed by retreating Ukrainian troops

France, UK will have to pay for their helping Ukraine strike inside Russia — diplomat

Russia’s Permanent Representative to the Vienna-based international organizations Mikhail Ulyanov said that what has been done by the White House is very dangerous

Russian diplomat doesn’t rule out missile deployment in Asia as response to US’ actions

Sergey Ryabkov warned Russia’s adversaries against settling into a "false sense of security"

Europe's 'hotheads' for sending troops to Ukraine, but there is no unity — Kremlin

"Earlier, of course, such ideas were heard from different European capitals, but various counterarguments were also voiced not in favor of this idea," Dmitry Peskov noted

Netanyahu convenes security cabinet amid talks on Lebanon

Dmitry Gendelman, an adviser to the Prime Minister's Office, noted that "the agenda of the meeting will be announced at a later date"

Diplomat mocks US Senator for talking about invading Netherlands

Maria Zakharova quoted the US Senator, who called the ICC a "Kangaroo court" and ICC Prosecutor Karim Khan a "deranged fanatic"

Georgescu wins first round of Romania’s presidential vote as ballot tally ends

Prime Minister Marcel Ciolacu, who leads the Social Democratic Party, ended up third with 19.15% of the vote

Russia encircles largest Ukrainian fortification in southern DPR — security services

"The enemy positioned in the fortified area in Velikaya Novoselka in the south of the DPR is already trapped in a kill zone," the source said

Pentagon not yet assessed damage caused by use of Russia’s newest Oreshnik missile

"When we have more to provide, we will," Deputy Press Secretary Sabrina Singh said

Explosion occurs at oil refinery in western Turkey, cause being investigated — TV

According to preliminary information, the incident occurred at about 8 p.m. (local time)

Ukraine abandons Selidovo, laying mines in wells — security services

The Ukrainian armed forces used various modified Western-made mines and improvised explosive devices during the process

Biden’s decision to use ATACMS against Russia may 'blow up in America’s face' — US expert

According to Daniel Davis authorizing US long-range weapons to be used against Russia is "foolhardy to the highest order," "especially because there is no military upside for doing so"

FACTBOX: What is known about Russian flight incident at Antalya Airport

A Russian Sukhoi Superjet 100 operated by the Azimuth airline caught fire as the plane landed at Antalya Airport on Sunday, TASS has compiled the key facts about the situation

Top Israeli defense official announces construction of fence on border with Jordan

"We are going to do it very quickly," Israel Katz said

Putin has high hopes for cancer vaccine being developed in Russia

Head of the Federal Medical-Biological Agency Veronika Skvortskova briefed the Russian President on the vaccine's development

Independent candidate Georgescu leading first round of presidential election in Romania

Georgescu is reserved about Romania’s NATO membership and he has been cautiously pushing for normalization with Russia

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

Gazprom, Moldova plan to continue discussing gas supplies from January 1, Moldova's debt

The company also noted that Gazprom CEO Alexey Miller and Moldovan Energy Minister Victor Parlicov discussed cooperation in the gas sector at a working meeting

Top Indian defense official to visit Moscow, Kaliningrad on December 8-10 — source

Rajnath Singh will participate in the flag-raising ceremony of the Project 11356 frigate and its transfer to the Indian Navy," the source said

Russia will respond 'in every way' to Seoul’s arms supply to Kiev — MFA

Deputy Foreign Minister of the Russian Federation Andrey Rudenko called on South Korean to soberly assess the situation and refrain from "reckless steps"

Ukraine’s military loses nearly 10,000 troops at LPR borders over week — military expert

Over the reporting period, Russian forces also destroyed 11 tanks, 89 field artillery guns, 16 electronic warfare and counterbattery radar stations, 33 field ammunition depots and more than 230 combat vehicles of the Ukrainian army in those frontline areas, Andrey Marochko said

NATO spies study damage from Oreshnik at Yuzhmash — expert

Alexander Stepanov emphasized that both Kiev and its Western allies are closely scrutinizing the consequences of the strike on the plant

Kabul counts on Moscow to help neutralize Western pressure

"We can assure you that the Islamic Emirate is a reliable economic partner," Deputy Prime Minister Mullah Abdul Ghani Baradar said

Russia acted responsibly in warning US about Oreshnik missile launch, Kremlin says

The US was notified automatically 30 minutes before the launch by Russia's Nuclear Risk Reduction Center

Kremlin explains why Oreshnik missile came as surprise

"I am sure that neither of us is even aware right now of any new future developments," Dmitry Peskov said

Scholz vows to continue supporting Ukraine following his chancellor nomination

The German chancellor listed supporting Ukraine at the top of his priorities should the SPD win and form a government

Warehouse catches fire in southern Moscow, over 2,500 square meters on fire

According to the emergency response services, the fire is spreading rapidly

Netanyahu may accept ceasefire in Lebanon to stop Hezbollah bombings — diplomat

According to al-Maliki, Israeli Prime Minister Benjamin Netanyahu is the only obstacle to a ceasefire in Gaza

Ukrainian commander-in-chief reports threats to troops in Zaporozhye Region

Earlier, it was reported that the Russian forces had advanced for over 2 km near Malaya Tokmachka in the Zaporozhye Region

Russia’s Progress MS-28 cargo spacecraft diverts ISS from collision with space debris

It is reported that the Progress resupply ship fired its thrusters at 12:49 p.m. Moscow time (9:49 a.m. GMT) for about three minutes

Moscow to announce new Russian ambassador to US after relevant decree is signed — Kremlin

Previously, Russian President Vladimir Putin dismissed Anatoly Antonov from the office of Ambassador of Russia to the United States

West beginning to realize only part of Ukraine will remain — Lavrov

According to the Russian foreign minister, this represents the "confrontational logic" of the West

Ukrainian forces indiscriminately shoot Selidovo passers-by — Russian envoy

According to Rodion Miroshnik, Ukrainian security forces came to places where there were generators, where people came to get water, and could shoot a person

No existing missile defense system can counter Oreshnik — US expert

Theodore Postol also vehemently rejected suggestions that the Oreshnik system represents previous outdated developments of Moscow

Timing for commissioning entire Akkuyu NPP needs to be clarified — Russian ambassador

Alexey Erkhov also recalled Russia's interest in participating in the implementation of the second NPP in Turkey

Russia’s launch of new missile illustrated assured retaliation capability, lawmaker says

Andrey Kartapolov also noted that the enemy currently has no defenses against the Oreshnik.

Russian official describes OPCW note on use of chemicals in Ukraine as absurd

According to Kirill Lysogorsky, who leads the Russian delegation at the OPCW conference, Moscow is checking the information and will report on the outcome through its permanent mission to the OPCW

Large number of Ukrainians to lose mobilization exemption after February 28 — deputy

In recent months, the number of Ukrainian employees with exemptions from military service has increased from 900,000 to 1.6 million