Support The Moscow Times!

Tax May Not Rise

The Finance Ministry could review plans to increase the mineral extraction tax on gas that would have raised rates most sharply on independent producers such as Novatek, Deputy Finance Minister Sergei Shatalov said Wednesday.

The government has already approved rate increases planned for 2013-15. Shatalov said the rates could be reduced from the planned levels without an overall reduction in planned additional budget revenue.

(Reuters)

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.