Putin suggests lowering natural resources tax to boost oil production
Prime Minister Vladimir Putin believes it is necessary to lower the tax on the extraction of natural resources to spur geological prospecting and oil extraction in Russia, Interfax reports.
"In the first place the tax should be reduced," he said at a Wednesday conference on the advancement of the Ust-Luga commercial seaport.
He said the bill has been drafted and discussed and "must be submitted to parliament as soon as possible."