Putin orders govt to consider slashing rare metals development tax

MOSCOW, Aug 15 (PRIME) -- Russian President Vladimir Putin has ordered the government to consider reducing the tax on rare and rare earth metals development until December 1, as follows from a statement released on the presidential Web site on Monday.

He also ordered to present proposals to reduce the financial burden on companies when they raise funds to invest in rare metals production in 2016–2019 until October 1.

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