The legislative and the tax codes of the RF to limit the investment in the oil and gas sector
Edited by Anonymous / 2013-12-19 08:10:32
Large tax load, lack of tax preferences for investors and the risk of unforeseen actions and the state interference with entrepreneurship are the factors limiting direct foreign investments in Russian oil and gas sector, is said in the report of Moody’s.
The agency notes, the foreign investment is necessary, as it can help Russia develop hard-to-get reserves and geographically remote and complicated regions as their traditional hydrocarbon reserves get exhausted.
