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

Economic Pulse

REUTERS SHOWCASE

NSEL Fraud

NSEL Fraud

Govt orders Financial Tech to absorb NSEL, liabilities  Full Article 

Stalemate

Stalemate

WTO prepares for crisis talks as India keeps veto on global deal.  Full Article 

Deal Talk

Deal Talk

Smartphone repair company B2X steps up expansion with Indian deal.  Full Article 

Earnings Season

Earnings Season

HDFC Bank eyes pickup in corporate credit.  Full Article 

JLR China

JLR China

JLR sees 20 percent growth in China sales this year - exec  Full Article 

Iron Ore Imports

Iron Ore Imports

JSW Steel to boost iron ore imports by up to 80 percent.  Full Article 

Pollution Levels

Pollution Levels

Delhi braces for worst air quality this Diwali week.  Full Article 

Remembering Margerie

Remembering Margerie

Total’s "Big Moustache"- bon vivant, deal-maker and risk-taker .  Full Article 

Reuters India Mobile

Reuters India Mobile

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