May newsmakers

	Serdyukov Anatoly Former Minister of Defense of the Russian...
	Navalny Alexey Coordinator of the Union of Minority...
	Mitrofanov Aleksey Deputy of the State Duma
	Skrynnik Elena Former Agriculture Minister
	Baburin Sergey Former rector of the Russian State University of...
	Zhukov Yuri Former chairman of the board of PIK Group,...
	Gref Herman Sberbank RF, chairman of the board
	Shoigu Sergey Minister of Defense of the Russian Federation
	Markin Vladimir Head of Department of Media Relations of the...
	Zingarevich Boris Deputy Director General of Ilim Group
	Alisher Usmanov General Director of “Gazprominvestholding”
	Berezovsky Boris Entrepreneur
	Christoforov Leonid One of leaders of Malyshev criminal group.
	Kogan Vladimir Former Director of department of capital...
	Antonov Vladimir Former owner of Snoras
	Sobchak Ksenia TV presenter
	Glushchenko Mikhail Ex-deputy of the State Duma
	Trutnev Yuri Assistant to the President of the Russian...
	Morozov Sergey Governor of the Ulyanovsk Region
	Bersirov Beslan Co-owner of Stroitelny trest CJSC
	Trinoga Arthur General Director of State Unitary Enterprise...
	Sechin Igor Deputy Prime-Minister of Russia
	Vekselberg Viktor Chairman of the Supervisory Committee of the...
	Timchenko Gennadiy Co-owner of the company Gunvor

Suit of this person:

Read dossier

Read this text in Russian

Arkady Dvorkovich, an advisor to the president, proposes lowering tax on natural resources extraction, not excise duty on petrol, in a bid to stabilize domestic petrol market. It is more logical, Dvorkovich says, because subsoil tax goes to the federal funds, whereas excise duties - to the regional budgets. Thereby, the state will not do harm to the regional economy (which in several regions is supported by the state funds).   

Recently many Russian regions have faced «troubles with petrol»: the prices have risen substantially, following the roaring demand for petrol after shortages. The energy ministry said, 67% increase in petrol export and withholding petrol by the giants have triggered current crisis. 

Russian Federal Anti-monopoly Service, the competition watchdog, proposed reducing excise duties on petrol if global oil prices rise above $90 per barrel.

Besides, it was proposed to give up step-by-step increase of excise duties on petrol, planned for 2012 and 2013, and to adjust the duties at the rate 0.9 of inflation. The planned boosting of the duties may result in increase in petrol prices by 6-8% annually. The watchdog also proposed raising export duties up to 90% of the duties on oil.   

On May 1, the government of the Russian federation raised export duties, according to the proposals, to $408.3 per ton.

This step, according to assessment of the energy ministry, will help bring additional 200 thousand tons of petrol to domestic market, since it will be sensible for oil refiners to sell petrol to domestic customers rather than export it.

Deputy finance minister Sergey Shatalov said that imposing higher export duties is a «provisional measure» which will be in force for 2 or 3 months. Elvira Nabiullina, the minister of economic development, said the duties may be in force till the end of June. 

NEWSru

Want to discuss this article? Welcome to our forum!

Read this text in Russian

Do you have additional information? Please send it to us !

Read dossier
Suit of this person:

News - Dvorkovich Arkady

2011-11-03

Arkady Dvorkovich Letter: Dvorkovich helped Rusal in 2008

Exclusive - Dvorkovich Arkady

No other exclusive materials for this person

VIDEO