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Russia's Nornickel sees impact of new export duties at $0.5 bln - RIA

06/28/2021 | 09:09am EDT

MOSCOW, June 28 (Reuters) - Russian billionaire Vladimir Potanin, majority shareholder in mining giant Nornickel , said on Monday that the impact of new duties on the company is expected at around $0.5 billion, the RIA news agency reported.

Russia has introduced temporary new export taxes for steel products, nickel, aluminium and copper which will cost their producers $2.3 billion between Aug. 1 and Dec. 31. (Reporting by Anastasia Lyrchikova; Writing by Polina Ivanova; Editing by Jan Harvey)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MINING AND METALLURGICAL COMPANY NORILSK NICKEL -0.93% 31.81 Delayed Quote.1.96%
S&P GSCI ALUMINUM INDEX 0.16% 183.7487 Delayed Quote.46.09%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.14% 72.801 Delayed Quote.-1.89%
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