MOSCOW: Russia’s Finance Ministry plans to submit its three-year budget to the government in October, which envisages no increase in taxes, Finance Minister Anton Siluanov told a finance forum on Friday. He also said the ministry was proposing a return to the so-called “tax maneuver” in the oil sector, which was on hold this year. Siluanov also said that a proposed budget rule envisaged saving revenues when oil prices are above $40 per barrel.
Shippers see temporary lull in exports
Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...