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

<p>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...