Russian Deputy Prime Minister Discusses Flexible Export Taxes and Industrial Policy
A Russian government source notes that Deputy Prime Minister and Minister of Industry and Trade Denis Manturov signaled the potential adjustment of export taxes on an as-needed basis during remarks at the international industrial fair Innoprom.Kazakhstan. The comments came on the sidelines of the event, highlighting a willingness to adapt tax measures in response to evolving market conditions.
Manturov stressed that the ministry’s mandate decisions do not interfere with the investment programs of Russian enterprises. He emphasized that the government intends to keep a steady course for industrial projects while remaining attentive to economic fluctuations.
“We will monitor the situation and, if necessary, assess the needs of companies and the possible need for regulation,” he stated. The minister added that the Ministry of Industry and Trade is actively pursuing oversight to ensure policy actions align with industry realities.
In discussing how flexible customs duties might influence export supply, Manturov explained that exchange rate movements currently provide opportunities to expand exports, and that the introduction of taxes would not undermine this trend. His comments suggest a cautious, responsive approach to tax policy aimed at supporting export-oriented sectors without destabilizing market incentives.
Manturov, who previously served as chairman of the board of directors at AvtoVAZ, also clarified that there was no approval to suspend the project to begin production of a crossovers in partnership with another manufacturer. This detail underscores the government’s careful management of automotive investment initiatives and the broader industrial agenda.
Earlier reports from Kazakhstan mentioned the presentation of a robotic guard dog, illustrating ongoing interest in advanced automation and security technologies within the broader regional industrial landscape.
Overall, the remarks reflect a policy stance that favors adaptive tax instruments and close monitoring of industry needs, with the aim of sustaining investment momentum and supporting export growth in a dynamic global market. Attribution: socialbites.ca correspondents and official statements from the Ministry of Industry and Trade.