Russia faces battle on oil taxes as crude declines

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Source: Bloomberg
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 rethinks this year's budget.
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Wed, 11 Feb 2015 15:24:03 GMT

European stocks falls on Greek meeting with Euro zone

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Tue, 10 Feb 2015 22:09:04 GMT

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