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. Last Updated: 07/27/2016

5% Nickel Tax to Return

The government will reinstate a 5 percent tax on nickel exports as metal prices rebounded from a slump that prompted the government to support producers such as Norilsk Nickel by suspending the duty for a year.

Prime Minister Vladimir Putin signed a decree, published Monday in Rossiiskaya Gazeta, reviving the tax. Putin’s spokesman, Dmitry Peskov, said by telephone that the duty would come into force in a month.

(Bloomberg)