Russia's draft budget proposes a 20-30% windfall tax on mining and metallurgical companies, projecting 200 billion rubles annually in revenue from 2027-2029.
Regulation & Gov ·
Russia's draft budget includes a proposed windfall tax of 20-30% on excess profits from mining and metallurgical companies, with projected annual revenue of 200 billion rubles during 2027-2029. The tax is motivated by expectations of sustained elevated global commodity prices through 2025.