'Tax maneuver' planned by Russian Government may trigger a surge in fuel prices in Russia, including bunker fuel prices, an official of the Chamber of Commerce & Industry of Russia (TTPP RF) said Thursday in St. Petersburg.
Speaking at the 7th All-Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” hosted by Russian Association of Marine and River Bunker Suppliers (June 19-20), Natalia Shulyar, chairman of Engine Fuels Subcommittee, Chamber of Commerce & Industry, said the proposed 'tax maneuver' includes an increase of Mineral Extraction Tax with simultaneous reduction of export duties.
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