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Russian government eyes mining firms as new tax source

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RUSSIA

Facing a budget gap formerly filled by oil and gas, the Russian government is proposing new taxes for the mining, oil and tobacco industries. It is considering proposals to triple…

Russian markets set for spell of poor performance

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RUSSIA

Russia's exclusion from international financial markets presents high risks to macroeconomic stability in the short and longer term. Sovereign rating downgrades to 'junk' indicate…

Kazakh government will spend on bad debt to save bank

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KAZAKHSTAN

The measures are part of efforts to prepare Kazkommertsbank for a takeover by Halyk Bank, the second-largest financial institution, which signed a non-binding memorandum on March…

Early 2021 sales point to Russian gas export recovery

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RUSSIA

Gazprom faced unprecedented disruptions in 2020: a mild European winter in 2019-20, the slump in demand stemming from COVID-19 impacts, and competition from liquefied natural gas…

Russia will both contest and adjust to EU carbon tax

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RUSSIA

Additional EU taxes on carbon-intensive energy and other products could cost Russian industry up to EUR50bn (USD59bn) before 2030. With some corporate exceptions, Russia's…

Russian eco-disaster may dilute calls for softer rules

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RUSSIA

The major argument is whether the Norilsk accident was due to shoddy maintenance or climate change; the conclusions reached will shape future regulatory policy.

External factors will prod Russia into climate action

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RUSSIA

This is still tentative planning but it indicates the Kremlin is being spurred into action by looming curbs on high-carbon products in China and the EU, Russia's key export…

Belarus government will have to make unpopular cuts

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BELARUS

Revenue problems facing the Belarusian government.

Armenian government faces pressure to deliver change

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ARMENIA

Since coming into power on the back of public protests in April-May 2018, Prime Minister Nikol Pashinyan has committed to a robust overhaul of state institutions including the…

Russia reluctant to adapt farming to climate change

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RUSSIA

Russia is the world's leading wheat exporter and is trying to build its livestock sector. Intensive, polluting production methods are at odds with other environmental imperatives…