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02 Jun
14:42

Russian industry minister skips steelmaker tax issue

Russian steelmakers and industry and trade minister Denis Manturov met this week to discuss securing competitive steel supply for the nation’s construction industry. What was not discussed, however, was the issue of Russian producers needing to pay more tax to the federal budget. On Monday, first deputy prime minister Andrei Belousov suggested that Russian steelmakers generated bumper profits of about RUB 100 billion ($1.36 billion) and must now return these…
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