Russian ministries reject proposed windfall tax on metals and mining firms
KUBINKA, Russia, Aug 22 (Reuters) - Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate, Industry Minister Denis Manturov said on Wednesday.
"With (Other OTC: WWTH - news) colleagues from other ministries, we reached a common position that as of today it's inappropriate," he told reporters on the sidelines of a military forum outside Moscow.
The proposal, put forward by Kremlin (IOB: 0Q8D.IL - news) economic aide Andrei Belousov this month, listed Evraz (LSE: EVR.L - news) , NLMK, Nornickel, Severstal, MMK, Mechel , Alrosa, Polyus, Phosagro and Acron as among the targeted companies. (Reporting by Gleb Stolyarov Writing by Polina Nikolskaya Editing by Louise Heavens)