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Global Trade Alert

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Russia: Government exempts companies from the mineral extraction tax under certain conditions

Description

On 17 February 2023, the president of Russia signed federal law No.29 zeroing the mineral exploration tax (MET) for the companies engaged in MET of nickel, copper, and platinum-group metals in the Kra...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2026

Revocation date

01 Jan 2028

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

location-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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