MORE DETAILS UNVEILED ON RUSSIAN FEE SYSTEM

Russia has described more fully the system of taxes, royalties, and other fees covering development and export of oil and gas. Debevoise & Plimpton, New York consulting firm, said the recent series of instructions and rulings could prompt federal, regional, or local governments to impose significant added costs on producers of Russian resources. "These taxes, along with other levies on resource use and generally applicable taxes such as the enterprise profit tax, have been changed frequently

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