The depreciation of the ruble triggers Russia to i

Aihucha News, September 21: It is reported that Russia plans to impose a new tax on exporters to absorb the excess revenue companies receive when the ruble depreciates beyond a certain level and to support its tight budget. People familiar with the matter said the Finance Ministry is proposing a tax on exporters that would kick in once the dollar to ruble crosses 80. Under the plan, oil, gas, grain and some other commodities would be excluded, with industries such as metals and mining bearing the greatest burden. The ruble is the third-worst performing currency among emerging markets this year. The new taxes will help channel some of the windfall into the budget, which is still under pressure from financial losses from the conflict.