Putin Aide Proposes $7.5 Billion Tax Hike for Mining, Chemicals Sectors

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The top economic adviser to Russian President Vladimir Putin proposed raising taxes on mining companies, including MMC Norilsk Nickel PJSC and Alrosa PJSC, among the largest producers of nickel and diamonds. Additional budget revenues are needed to help pay for Putin’s promises to boost spending after his re-election this spring, according to the letter, which […]