On July 21, the Russian State Duma passed amendments to the Tax Code…
On July 21, the Russian State Duma passed amendments to the Tax Code aimed at stabilizing the fuel market by adjusting the fuel buffer mechanism, enabling compensation for imported diesel, and modifying tax rules for international companies' incentive programs. The measures are intended to control prices, ensure supply, and support domestic production and strategic reserves.
Consensus
- The State Duma passed amendments to the Tax Code on July 21.
- The changes aim to stabilize the fuel market in Russia.
- The legislation includes adjustments to the fuel buffer mechanism.
- Compensation mechanisms for imported diesel fuel are introduced, similar to those for imported gasoline.
- Changes affect tax treatment of international companies' incentive programs by excluding related income and expenses from corporate profit tax base.
- The measures were proposed by the government and passed in second and third readings.
- Vice-Prime Minister Alexander Novak stated that the government's actions are already yielding results.
Points of divergence
- A separate draft law was introduced by CPRF deputies led by Gennady Zyuganov and Yuri Afonin, granting the government authority to set maximum retail prices on fuel and petroleum products for up to 90 days. — kommersant
- The State Duma expanded administrative functions of the government in the energy sector, which will help activate domestic fuel supplies and create additional strategic reserves. — vm
- The buffer mechanism will be applied from July 2026 to July 2027 for middle distillates, with compensation rates based on Indian market prices adjusted for delivery costs when importing from third countries. — vesti
- The State Duma's Chairman Vyacheslav Volodin stated that the situation will change radically 'tomorrow or the day after' and emphasized fuel availability for both military and civilian needs. — vedomosti
Coverage (7 sources)
- The State Duma proposed granting the government the right to regulate fuel prices — Коммерсантъ
- State Duma adopts amendments to the Tax Code to stabilize fuel prices — Вечерняя Москва
- State Duma adopts law to curb fuel prices — Вести
- State Duma adopted amendments to stabilize fuel prices — Ведомости
- Situation will start changing radically in the next day or two — Фонтанка
- Government to Consider Law Project on Measures for Fuel Market Stabilization — Интерфакс
- Legislation on measures to stabilize the fuel market situation will be considered on Tuesday — Интерфакс
Key entities
- State Duma
- Moscow
- INTERFAX.RU
- State Duma
- Vyacheslav Volodin
- KPRF
- Yuri Afonin
- State Duma
- Russia
- Duma
- Gennadiy Zhiuganov
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