Russian Federation Council proposes to zero mineral extraction tax on rare earth mining

Andrei Kutepov, head of the Russian Federation Council's Committee on Economic Policy, has recently proposed that the mineral extraction tax on ores containing rare metals be set at zero for 15 years. He sent a letter to this effect to First Deputy Prime Minister Denis Manturov.

The document stresses the need to set the mineral extraction tax at zero, while maintaining the existing incentive coefficients for these ores, and to fix these conditions for a long-term period, excluding the possibility of their revision by the state. Kutepov believes that this measure will provide significant support for