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. Last Updated: 07/27/2016

Putin Eyes Tax Holiday

President Vladimir Putin said Wednesday that he would consider granting tax holidays to offshore oil development projects, Interfax reported.

"We need to make additional calculations on when such a decision can be made," Putin told a joint sitting of the State Council and Maritime Board, Interfax reported.

Rosneft CEO Sergei Bogdanchikov floated the idea of a tax holiday at the event, which took place in Murmansk.