Russian Federation: "Tax Maneuver" in Petroleum Industry

Announcement

14 Nov 2014

In the late 2014, the Russian government unveiled a "Tax Maneuver" in petroleum extraction, aiming to promote domestic processing of crude oil and a gradual removal of export duties on both crude oil and oil products.

Source

Number of interventions

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

01 Jan 2015

Revocation date:

No revocation date

Updated: 14 Nov 2014

Export tax In force

In an effort to decrease the dependence of the Russian budget from crude petroleum prices and to encourage domestic processing of petroleum, the Government of the Russian Federation announced a num...