Steelmakers will be forced to fork out for Putin’s decree

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Photo: Vladimir Vyatkin / RIA Novosti

Presidential aide Andrei Belousov has suggested to withdraw from the 14 metallurgical, chemical and petrochemical companies of more than 500 billion windfall. It is reported by RBC with reference to the letter Belousov Vladimir Putin.

According to RBC, the President responded to the invitation by putting a resolution “agree”. However, Kremlin spokesman Dmitry Peskov is not confirmed. The letter emphasized that the money will go to funding the implementation of the may decree.

Belousova idea is to equalize the tax burden of metallurgists and oilmen. In 2017, the tax burden in the metallurgical and chemical industries was lower than in the oil and gas, the assistant to the President — 7 versus 28 percent.

It is noted that the metallurgical and chemical exporting companies managed to earn in 2017 more than 1.5 trillion rubles of profit before interest, taxes, depreciation and amortization (EBITDA). According to Belousov, the profit was formed “due to market conditions” and not dependent on actions of management companies.

List of companies from whom you can withdraw the surplus, assistant to the President included, in particular, “Norilsk Nickel”, “ALROSA”, SIBUR, Evraz, Severstal, Polyus, Mechel and NLMK. The owner of NLMK Vladimir Lisin has already criticized the initiative.

As later reported TASS with reference to sources in the Ministry of industry at the meeting on Friday will discuss the idea of getting additional revenue from companies. Two interlocutors of Agency have confirmed that we are talking about 0,5 trillion roubles a year, and to take money collected on the implementation of the decree of Putin.

Vladimir Putin may 7, signed a decree on the national goals and strategic objectives of Russia until 2024. According to the authorities, for the implementation of all tasks should be about 25 trillion rubles.

Video, photo All from Russia.

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