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Putin axes tax privileges for Russian oil players

Approved changes will come into effect from 1 January 2021 to help authorities to reduce growing budget deficit

President's greetings: Russia's President Vladimir Putin has signed a set of amendments that increase the tax take on the country's oil producers
President's greetings: Russia's President Vladimir Putin has signed a set of amendments that increase the tax take on the country's oil producersPhoto: REUTERS/SCANPIX
  • Vladimir Afanasiev
Moscow
RussiaVladimir PutinRosneftTatneftEurope
Published 16 October 2020, 11:13Updated 16 October 2020, 11:13