Tue, 10 Feb 2015 22:20:04 GMT
Russia faces battle on oil taxes as crude declines
Russia, where the largest part of state revenue consists of energy production, is preparing to face a battle against oil producers on the taxation of the nation's most vital industry. There were 6.75 trillion rubles of taxes from crude and petroleum products last year. However, the Economy Ministry works on an average crude price of $50 per barrel, as Russia