Russian energy minister proposes new export tax changes.

摘要

According to Russia's Energy Minister Alexander Novak, his proposed changes to the country's tax system will help not only to give production a boost, but also to remove an obstacle to President Vladimir Putins's goal of the formation of an FSU trade bloc, the Eurasian Economic Union of Russia, Belarus, and Kazakhstan. The plan has not yet been approved, but involves increasing Russia's mineral extraction tax (MET) while reducing export duties. "Such an approach will allow us to find the right proportion, a 'golden mean', between the industry's investment needs and budget's priorities," Novak said.