While Russia’s largest energy holding Inter RAO continues its negotiations with China about increasing electricity prices, the company has already started partial supply restrictions. Holding reported this TASS.
“Negotiations with China have not yet been completed; we have started partial supply restrictions,” the company said.
Inter RAO also noted that they successfully negotiated with Mongolia and agreed to increase the price. Electricity supply to this country continues.
Previously at Inter RAO statedBeijing may stop electricity supplies to China if it does not agree to increase the purchase price of resources by the amount of the export tax introduced on October 1. The company also announced a 7 percent price increase for Mongolia and Azerbaijan.
On September 21, the Russian government issued a decree imposing an export tax of 4-7% on goods supplied from outside the EAEU from October 1, 2023 to December 31, 2024. Oil and gas in particular are not taxable.
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Source: Gazeta
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