$5.5Bln in Gas Taxes Envisioned

The Finance Ministry is looking to collect additional billions of dollars by raising taxes on the natural gas industry, Finance Minister Alexei Kudrin said Thursday. The ministry expects to reap an extra 150 billion rubles ($5.5 billion) if the gas production tax is increased — an idea that Prime Minister Vladimir Putin approved for consideration, Kudrin said. He didn’t say when the measure might take effect. […]