Economy

Russia Studies Increasing Taxes on Oil and Gas

Russia Studies Increasing Taxes on Oil and Gas

According to "Reuters" today, citing informed sources, "Russia is considering increasing taxes on the oil and gas sector to close the gap in the 2023 budget. The government particularly wants to raise gas export duties to up to 50 percent, begin imposing fees on liquefied natural gas, and raise domestic gas prices." The Ministry of Finance also suggested "increasing oil export duties and boosting state revenues from oil product trading."

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