Support The Moscow Times!

Duma Gives Tatneft a Break

The State Duma on Thursday voted in favor of tax breaks worth $1.2 billion over a six-year period for Tatneft. 

Legislators voted in favor of the tax breaks after a new tax regime started from Oct. 1, cutting crude oil export duty and raising the fee for heavy oil products. 

The motion was carried out despite the government's decision to postpone tax breaks for Tatneft, which faced losses of more than $1 billion from the new tax policy. Tatneft invested more than 180 billion rubles ($5.86 billion) in refinery construction, and half of its output, or 7 million tons, will be heavy oil products.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more