Russian Finance Minister: No Decision on Oil Tax Changes

Russian Finance Minister Anton Siluanov said on Tuesday that no final decision had been taken on changing the oil taxation system at President Vladimir Putin's meeting with his government on Tuesday.

Siluanov told reporters that proposals put forward by his ministry would increase the tax burden on the oil industry by 605 billion roubles ($9 billion) next year.

He added that the Finance Ministry believed that the way in which the mineral extraction tax is calculated could be changed.

The government also discussed different scenarios on oil export fees, Siluanov added.

(Reporting by Darya Korsunskaya)