Russian govt opposes Gazprom tax, duty hikes-source

MOSCOW, July 29 Wed Jul 29, 2009 8:32pm IST

Stocks

   

MOSCOW, July 29 (Reuters) - The Russian government has declined a proposal by the Finance Ministry to increase a tax on gas extraction and gas export duty in a bid to protect gas giant Gazprom's (GAZP.MM) revenues, a government source told Reuters.

"A decision was taken not to do it. Yes, the money has already been included in the budget. Gazprom is promising to make up for it in other ways, in particular, through an increase of gas deliveries abroad," the source said on Wednesday. (Reporting by Darya Korsunskaya; writing by Gleb Bryanski)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Pricing Controls

REUTERS SHOWCASE

India-China Relations

India-China Relations

India says to defend China border after standoff ahead of Xi visit.  Full Article 

Importing Iron Ore

Importing Iron Ore

As mining curbs bite, India offers market to glut-hit iron ore.  Full Article 

Drug Approval

Drug Approval

Epirus, Ranbaxy win India approval for arthritis drug copy.  Full Article 

Rajan Speaks

Rajan Speaks

RBI chief Rajan says limiting reliance on foreign debt.  Full Article 

Debt & Equity Deal

Debt & Equity Deal

KKR to lend $175 million to GMR Infrastructure - source.  Full Article 

Preparing for IPO

Preparing for IPO

Alibaba boosts IPO as demand strengthens.  Full Article 

India-Vietnam Ties

India-Vietnam Ties

India tightens Vietnam defence, oil ties ahead of China Xi's visit.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage