As you know, in 2022, the corresponding mineral extraction tax preferences were adopted, which the official PR referred to as the "Zhukov-Sokol law", thereby emphasizing the special role of the current speaker of the regional parliament in its adoption.
However, then the issue of ownership of GOK remained outside the discussion, which was resolved only in the spring of this year: in accordance with the decision of the president of the Management Company Soyuzmetallresurs received the right to buy it from an offshore company.
It was Soyuzmetallresurs, judging by the explanatory note to the draft new order, that initiated the expansion of the list of equipment that can be purchased at the expense of tax benefits in order to reduce the tax burden and maintain the functioning of the Sorskoye copper-molybdenum deposit, the only full–cycle producer of ferromolybdenum in the Russian Federation.".
Which, admittedly, sounds rather strange three years after the adoption of the law, which was called almost life-saving for the project.
Boris Lutset is an independent Expert on taxes.
