Putin, Lukashenko agree on credit support for Belarus as regards Russia’s tax maneuver – Peskov
MINSK, Jul 14 - PrimePress. Presidents of Russia and Belarus Vladimir Putin and Alexander Lukashenko agreed at their meeting held on July 13, 2021 in St. Petersburg on credit support for Belarus in connection with the tax maneuver in the Russian oil sector, Putin’s Press Secretary Dmitry Peskov told reporters. <br> <br> According to Peskov, the presidents “summed up conclusions drawn by the high-level commission composed of Russian and Belarusian representatives and the prime ministers, and addressed customs, tax regulation and energy matters.<br> <br> “They also agreed on the amount of credit support in connection with the tax maneuver in Russia,” Peskov said.<br> <br> As reported, Lukashenko said on June 1, 2021 at the meeting on cooperation with Russia that the two presidents reached an agreement on May 29 in Sochi to minimize losses of Belarusian oil refineries from the tax maneuver in Russia from January 1, 2022. “We found solutions to the tax maneuver. Not even we, but the governments. We just agreed and approved it. We will continue dialoguing and negotiating,” he said.<br> <br> The tax maneuver in the oil and gas industry of the Russian Federation provides for gradual zeroing of the export duty on oil with a simultaneous increase in the tax on mineral extraction. The marginal duty rates calculated by the Russian government are multiplied by 0.833 in 2019, 0.667 in 2020, in 0.5 in 2021, 0.333 in 2022, and 0.167 in 2023. Russia will abolish the export duty on oil from 202.<br> <br> Belarus’ Finance Ministry estimates the total loss incurred by the oil refining industry in 2021 due to the tax maneuver at $400 million. End<br> <br>
2021-07-14
Primepress
Putin, Lukashenko agree on credit support for Belarus as regards Russia’s tax maneuver – Peskov
According to Peskov, the presidents “summed up conclusions drawn by the high-level commission composed of Russian and Belarusian representatives and the prime ministers, and addressed customs, tax regulation and energy matters.
“They also agreed on the amount of credit support in connection with the tax maneuver in Russia,” Peskov said.
As reported, Lukashenko said on June 1, 2021 at the meeting on cooperation with Russia that the two presidents reached an agreement on May 29 in Sochi to minimize losses of Belarusian oil refineries from the tax maneuver in Russia from January 1, 2022. “We found solutions to the tax maneuver. Not even we, but the governments. We just agreed and approved it. We will continue dialoguing and negotiating,” he said.
The tax maneuver in the oil and gas industry of the Russian Federation provides for gradual zeroing of the export duty on oil with a simultaneous increase in the tax on mineral extraction. The marginal duty rates calculated by the Russian government are multiplied by 0.833 in 2019, 0.667 in 2020, in 0.5 in 2021, 0.333 in 2022, and 0.167 in 2023. Russia will abolish the export duty on oil from 202.
Belarus’ Finance Ministry estimates the total loss incurred by the oil refining industry in 2021 due to the tax maneuver at $400 million. End