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Russia’s oil industry is awash with cash and will be able to withstand the planned 1 trillion rubles ($15 billion) in extra taxes over the next six years. Alexei Sazanov. the head of the tax department in the finance ministry. said in an interview.
The government is looking for extra money to implement President Vladimir Putin’s pledges of higher social spending and better infrastructure over the next six years. expected to cost around 8 trillion rubles.
