Russia Mulls Higher Taxes for Oil, Gas Cos. in 2023: Kommersant

Russian government wants to collect additional 1.4t rubles ($23.3b) from commodity exporters in 2023 by increasing export duties and mineral extraction tax rates, Kommersant reports, citing unidentified people.

• Government is considering raising export taxes on gas, oil, coal, and fertilizers; increase in the export duty on pipeline gas is seen as the main source of additional revenue
  • If the gas price is higher than $300 per 1,000 cubic meters, export duty will be raised to 50% compared with the current level of 30%
  • Budget may receive additional 578b rubles in 2023 from higher gas export duty, 1.23t rubles in ...