Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate, Reuters reported citing Industry Minister Denis Manturov.
“With colleagues from other ministries, we reached a common position that as of today it’s inappropriate,” he told reporters on the sidelines of a military forum outside Moscow.
The proposal, put forward by Kremlin economic aide Andrei Belousov this month, listed Evraz, NLMK, Nornickel, Severstal, MMK, Mechel, Alrosa, Polyus, Phosagro and Acron as among the targeted companies.