ANNOUNCEMENT 11 Sep 2014In September 2014, the government of the Russian Federation announced a change in export taxation.
NUMBER OF INTERVENTIONS
Growing Condensates Require Optimized Designs For Gathering, Processing
Rossiyskaya Gazeta, an official newspaper of the Russian Government, Issue 6478 of 11 September 2014, reports that the Cabinet of Ministers has prepared a draft bill that alters the oil tax and customs legislation. The major amendments are as follows:
The purpose of this particular state measures forms part of the targeted interventions of the Russian Government in recent years to increase the export of more refined oil products.