MOSCOW, July 29 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)
Trending On Reuters
One of India's most powerful politicians, Jayalalithaa Jayaram, was sworn in as chief minister of Tamil Nadu following a nine-month break, after a court overturned her conviction in a corruption case. Full Article
Gold demand slows as China eyes equities; lack of weddings in India weighs Full Article