Business · Energy & Commodities · 10 hrs ago
Russia’s Finance Ministry Opposes Changes to Oil and Gas Taxes
At a State Duma session, Deputy Finance Minister Alexey Sazanov opposed changing Russia’s oil and gas taxes.
He said the current tax burden on the sector is already above 60%, higher than in any other Russian industry.
Russian oil companies are repairing damage to their refineries under tight deadlines, he said.
They are also supplying petroleum products to Russia and its consumers.
The Finance Ministry says changing taxes now could make it harder for companies to carry out this work.
The government’s position is to keep the current tax system unchanged.
Sazanov said the companies should be allowed to continue their work, and no further decision or timetable was given.
Russia’s Finance Ministry says it does not support changing the current tax system for the oil and gas sector.
Deputy Finance Minister Alexey Sazanov said the industry’s tax burden is already among the highest in Russia.
He said the burden on the oil industry exceeds 60%, higher than in any other industry in the country.
Sazanov said oil companies are repairing refinery damage under tight deadlines and supplying petroleum products to Russia and its consumers.
- Who
- Russia’s Finance Ministry, represented by Deputy Finance Minister Alexey Sazanov.
- What
- The ministry opposes changes to the current oil and gas sector taxation system.
- When
- October 29, 2026.
- Where
- A plenary session in the State Duma in Moscow.
- Why
- Sazanov said the sector already faces a very high tax burden and companies are repairing refinery damage while supplying petroleum products.
This story does not have two clearly opposing sides.
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- Tax burden
- Oil industry burden exceeds 60%
- Speaker
- Alexey Sazanov, Deputy Minister of Finance
- Venue
- State Duma, Moscow
- Position
- Ministry considers changes to current oil and gas taxation inappropriate
- Publication date
- October 29, 2026
What people are saying
Under these conditions, we believe that altering the taxation of the oil and gas sector makes no sense.
We need to let the industry companies work in peace and perform the state function that they are currently successfully fulfilling.
This is higher than in any other industry in the Russian Federation.