September 13, 2019 / 10:17 AM / 6 days ago

Russian finmin: oil tax breaks do not lead to a rise in investments

MOSCOW (Reuters) - Tax breaks for oil companies do not lead to a rise in investments and should be revised, Alexei Sazanov, head of the Russian Finance Ministry’s tax department, said on Friday.

Sazanov also said that oil production in Russia could start declining after 2021.

Reporing by Vladimir Soldatkin; writing by Anastasia Teterevleva; Editing by Catherine Evans

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