Rosneft: carbon taxes could hurt Russia's economy more
Igor Sechin, chief of Russian oil giant Rosneft, has told the Kremlin that carbon border taxes could hurt Russia's economy more than sanctions, the Kommersant newspaper reported on Monday.
"Incomparably greater damage to the economy than illegal restrictions imposed on Russia and Russian companies," Kommersant reported.
The European Commission has plans to impose a CO2 tariff on polluting goods from 2026 which means some importers will pay carbon costs on products.
Previously, Moscow said that a tax could affect Russian goods worth US$7.6 billion.
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