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
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, with ref...
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Implementation date
01 Jan 2019
Revocation date:
No revocation date
Updated: 03 Aug 2018
Export tax
In force
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 (ED) and...
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Related State Acts
28 Feb 2019
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28 Dec 2016
Russian Federation: Super-deductions for Exploration and Prospecting of Hydrocarbons
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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