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Russian Energy Ministry backs decision to return floating coal export duty

The duty will range from 4% to 7%, depending on the national currency rate

ALGIERS, March 1. /TASS/. The Russian Energy Ministry supports the decision to return flexible export duties on hard coal exports, Minister Nikolay Shulginov told reporters on the sidelines of the Gas Exporting Countries Forum.

"The Ministry of Energy supports the return of flexible export duties on hard coal pegged to the ruble rate," the minister said.

The Russian Cabinet introduces flexible duties for hard coal exports pegged to the ruble rate against the dollar from March 1 to February 28, 2025, the government said earlier.

The duty will range from 4% to 7%, depending on the national currency rate. It will be 4% at the rate of 80-85 rubles per dollar, 4.5% - for 85-90 rubles per dollar, and 7% when the rate is above 95 rubles.

The duty will be zero when the rate will be lower than 80 rubles per dollar.

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Newly arrived Ukrainian soldiers rob, loot in Kharkov Region’s Kupyansk

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Kiev suffering fiasco on entire front line — aide to DPR head

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Putin warns West that Russia can respond to any turn of events

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Jeremy Corbyn called for de-escalation of the situationin Ukraine and the search for a diplomatic solution to achieve peace

Russia’s re-election to UNCITRAL confirms its global reputation — Foreign Ministry

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Russian troops raise flag in central Kurakhovo in Donetsk region — politician

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Lavrov arrives in Brest for two-day working visit — correspondent

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Russia not obliged to notify anyone about launch of intermediate-range missile — Kremlin

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China holds US responsible for disrupted defense ministers' meeting in Laos

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Turkey seeks justice against Israel for genocide in Gaza — Erdogan’s Party

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

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Biden's decision on missile strikes on Russia is his 'last gasp' — Japanese lawmaker

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Xi Jinping calls for unification of more voices for peace in Ukraine

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US decision on missile strikes aimed at provoking Russia, expert says

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Japanese lawmaker praises Putin's restraint amid decision to strike deep into Russia

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