The Federation Council proposed to introduce an excise tax deduction on steel for purchases of Russian equipment.

The Federation Council proposed to introduce an excise tax deduction on steel for purchases of Russian equipment.

The Federation Council recommended to the Government of the Russian Federation to consider introducing an excise tax deduction on liquid steel when purchasing Russian equipment. "Recommends to the government of the Russian Federation (...) to consider introducing an excise tax deduction on liquid steel for metallurgical enterprises when purchasing Russian industrial equipment," reads the decision of the Federation Council on measures for industrial development.