The Russian government considers the possibility to introduce a new carbon tax. The key goal of this initiative is to avoid Russian exporters paying carbon tax to the EU countries. The government is planning to develop national carbon legislation, agree on the offset of carbon tax paid in Russia within the framework of the EU Carbon Border Adjustment Mechanism and make it comfortable for the Russian business. Working groups with the participation of business representatives will be created in the near future. The development of the mechanism is expected to take 1–1.5 years.
NAZALI TAX & LEGAL