RUSSIA NEEDS MONEY
REUTERS wrote, Russian finance minister Anton Siluanov said on Friday he wanted to increase taxes on the oil and gas industry by around 50 billion rubles ($787 million) a year.
Russia is the world's biggest oil producer and its output has been rising to record highs despite low crude prices. The trend, supported by a weaker rouble, has caught the attention of the treasury, which needs revenues to cover a budget deficit.
The current oil tax regime envisages a gradual increase in…
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