Resumen de Taxation of the upstream oil and gas industry in Russia - an update

Mikhail Klubnichkin, Olga Sivolobtchik

• The authors provide an update of recent changes in Russian taxation that affect the oil and gas industry. Specifically, the authors consider the changes that were introduced into the Tax Code of the Russian Federation in respect of the specific taxes for oil and gas production and covering the general principles of taxation and tax administration.