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2009 April 28   08:01

Govt could introduce tax holidays for new oil fields in Black, Okhotskseas- Putin

The Russian government is discussing whether  to  introduce tax vacations for the new oil fields in the Black and Okhotsk  seas and whether to apply a decreasing coefficient to small oil fields,  Russian Prime Minister Vladimir Putin told the governmental budget commission on Monday according to Interfax.

There  are  also plans to introduce a differentiated rate of mining tax, depending on the coal grade, he said.

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