Support The Moscow Times!

Transneft Comments on Tax

Transneft said a proposal to increase taxes on property from 2012 may result in increased rates to oil companies seeking to transit crude.

The proposed property tax increase would result in Transneft paying as much as 36 billion rubles ($1.2 billion) extra a year by 2015, spokesman Igor Demin said Tuesday.

The Finance Ministry has proposed canceling a tax break as of 2012 for railroads, pipelines, power grids and other infrastructure.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.