According to Reuters, the Russian Industry Ministry has held preliminary talks with metal producers to purchase their products for government stocks, the ministry said in a statement on Tuesday.
Moscow is closely monitoring the rise in raw material prices in the construction sector as part of efforts to keep domestic raw material prices stable, even as they rise at the global level. In 2020, the government raised taxes on steel companies.
The purchases of metal products will be carried out for Rosrezerv, the Russian state reserve, the ministry added. No further details are provided. The size and list of Rosrezerv holdings are a state secret in Russia.
The meeting at the Ministry of Industry took place the day after First Deputy Prime Minister Andrei Belousov said in a TV interview that Russian metal producers could face a demand for additional taxes of 100 billion rubles ($ 1.4 billion) following a rise in domestic prices. market.
"Additional tax breaks for the industry were not discussed at the meeting," the Industry Ministry said.
However, Russian metal producers agreed to consider keeping metal prices stable for government defense projects and price cuts for long-term government construction projects, the ministry added.
Russia is discussing the purchase of metals for state reserves
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Azovpromstal® 2 June 2021 г. 11:23 |
