The cancellation of sales tax from January 1, 2004, will bring a loss of USD 720 million to the regional budgets. As a Rosbalt correspondent reports, this was announced by Russian Finance Minister Alexei Kudrin today in the State Duma. He said that 36% of sales tax is taken in Moscow, 10% in the Moscow Region and 8% in Saint Petersburg. The Russian government is planning to set up a special fund with USD 350-500 million to support the regions, which suffer most as a result of tax reforms, Mr Kudrin said. As a result of this, the regions will be able to re-establish their current incomes within the next year or two, said the minister.
For the time being, one needs to finish the construction of the section that is 100 kilometres long. On October 17, German Foreign Minister Heiko Maas said in an interview with RND that the project would be completed