Russia intends to put "European" carbon tax in its pocket

The forthcoming tightening of European environmental legislation may lead to the threat of payment by Russian energy exporters of heavy fines in favor of the European Union for unsustainable oil and gas production. Moscow seems to have found a way to leave this money in Russia.

According to "Sheets", The Russian Federation plans to introduce such measures within two to three years. Their essence lies in the fact that Russian companies will pay such an "environmental tax" not in favor of Brussels, but to the treasury of their own state. To do this, it is necessary to develop a special legislative framework and legal norms, and Russians must achieve their recognition at the international level. The goal is to offset such payments for carbon dioxide emissions by the European control system.



At the same time, Russia needs to accelerate these measures, since the European Union can at any time force the application of "draconian measures" to suppliers of non-environmentally friendly raw materials.

The Russian side is already taking real action in this direction. Thus, Prime Minister Mikhail Mishustin, during a meeting with representatives of the Russian Union of Industrialists and Entrepreneurs on Thursday 23 September, noted that earlier Deputy Prime Minister Andrei Belousov had spoken about "the importance of taking into account the carbon agenda when building a tax system." Mishustin stressed that this can be considered the first step towards the Russian "carbon tax". Thus, Moscow is actually planning to put a “European” carbon tax in the RF budget.