Russia mulls over doubling mine budget
Published: 27 March, 2008, 12:20
Russia is being urged to double funds for mine exploration by one of its own Ministers. Funding should eventually jump to around $US 23 BLN dollars, says Natural Resources Minister, Yuri Trutnev.
“We have said to the government today that it’s essential to boost financing for exploration for the period to 2020 from 260 billion roubles to 540 billion roubles,” he said.
The focus of the boost will be on oil and gas in East Siberia. Uranium exploration is another priority.
27.03.2008, 06:29
Outrage at Russia’s VAT cut delayBusiness leaders in Russia have reacted angrily to news that Russia will not cut the value-added tax rate until 2010. The cut will now be priced into a three year budget. |
27.03.2008, 19:56
Russian producers feel heat as price cap bitesRussian government has drafted a bill to restrict price rises on key foods including bread, milk and sugar to as little as 3% this year. But experts warn this could choke food producers, who are facing double digit increases in their own production costs. |
