The Finance Ministry of the Russian Federation proposes to raise gas export duty from 5 to 20 dollars per 1,000 cubic meters beginning 2004, Finance Minister Alexey Kudrin told reporters today. Today, the Ministry has submitted an adjusted proposal concerning tax reforms to the government where it suggests to abolish gas excise duty and have its burden split between the natural resources tax and export duty beginning 2004. In particular, gas export duty will go up from 5 to 20 dollars per 1,000 cubic meters and the natural resources tax will increase to 193 rubles per 1,000 cubic meters.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America