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Kremlin backs discussion of idea to raise revenue from metals firms

Kitco News

MOSCOW, Aug 10 (Reuters) - Russian President Vladimir Putin agrees that a proposal to prop up the budget by raising more revenue from metals and mining companies should be discussed, but has not made any decision, Kremlin spokesman Dmitry Peskov said on Friday.


Proposals seen by Reuters on Thursday were set out in a letter to Putin from Kremlin economic aide Andrei Belousov. Russia needs additional budget revenue to meet economic goals set in decrees signed by Putin for his new six-year term. The government has already raised value-added tax, effective from 2019.


(Reporting by Tom Balmforth Editing by Maria Kiselyova)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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