Russia Considers Tax Breaks for Natural Gas Producers As Challenges Mount ...Middle East

Russia’s government is weighing the possibility of some tax relief for the giant gas firm Gazprom, which would be paid for by potentially higher taxes on other Russian natural gas producers, a source in the Russian government told Reuters on Monday.     Gazprom has been bleeding cash since it cut off most of its pipeline gas deliveries to Europe in the wake of the Russian invasion of Ukraine. While the giant is looking east to offset lost revenues from sales in Europe, it has been struggling to convince China to sign up…

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