Announcement
03 Aug 2018
On 3 August 2018, the Russian Government introduced amendments to two key laws governing petroleum extraction, processing and trade, in order to promote domestic processing of oil and gas.
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Number of interventions
2
1 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
01 Jan 2019
Revocation date:
No revocation date
Updated: 03 Aug 2018
Tax or social insurance relief
In force
<p>The increase in the domestic price of crude that affects domestic refineries, resulting from the elimination of export duties, is to be compensated with an excise tax drawback scheme...
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Implementation date
01 Jan 2019
Revocation date:
No revocation date
Updated: 03 Aug 2018
Export tax
In force
<p>The tax maneuver will take effect on January 1, 2019 and is intended for the next 6 years. During this period, it is planned to make major changes in the calculation of export customs duty (E...
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Related State Acts
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28 Dec 2016
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14 Nov 2014
Russian Federation: "Tax Maneuver" in Petroleum Industry
11 Sep 2014
Russian Federation: Discussed legal amendments concerning oil extraction and exports
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