Russia proposes to exclude four metals from the windfall tax

Russian Deputy Finance Minister Sazanov said at a meeting of the Budget and Tax Committee that the Russian Ministry of Finance proposes to exclude the extraction of manganese, chromium, tungsten, and molybdenum from the calculation of the windfall tax. The proposal was put forward after internal government discussions. Sazanov stated that these minerals are almost never exported and are mainly used to fulfill state defense contracts.