Ministry of Natural Resources is about to search for new stimuli in order private business could invest more into geological exploration

The Ministry of Natural Resources and Ecology of the Russian Federation is ready to search for new stimuli, inclusive of tax ones, in order the private business could invest more money into the geological exploration. Minister of Natural Resources S.Donskoi said.

“We will keep developing new mechanisms, stimulating geological exploration, S.Donskoi said. In particular, we suggest reducing MET by the amount of expenses for geological exploration, and consider a possibility of one-time payments installment.”