The authorities will prepare support measures for the fuel and energy sector by November.

The Ministry of Finance, together with the Ministry of Energy and the Ministry of Economic Development, should work out the possibility of providing preferential tax regimes for oil and gas companies by November 2025. This is stated in the list of instructions of the head of government Mikhail Mishustin, which was reviewed by Izvestia.

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The increase in rates will lead to the fact that buyers of Russian hydrocarbons will cease any trade with the United States.

"Consider the possibility of providing preferential tax regimes to companies in the field of oil, natural gas and gas condensate production, including expanding the scope of the tax on additional income from the extraction of hydrocarbons, as well as extending the period for granting tax benefits for a long-term period, taking into account the forecast for the required volumes of hydrocarbon production in line with the energy strategy of the Russian Federation, with obligations in as part of the OPEC deal, as well as taking into account the analysis of financial and economic models of projects applying for tax benefits," the document says.

The list of instructions following the results of the strategic session on the development of the oil industry until 2050, which took place on April 1, is dated May 24. In total, the document contains four paragraphs, two of them refer to financial support for domestic oil and gas.

As noted in the document, the Federal Executive authorities will have to submit to the government for subsequent inclusion in the plan for the implementation of the Energy Strategy until 2050 (ES-2050) an agreed set of measures in various scenario conditions, including "defining clear deadlines and targets for existing and prospective mechanisms of state financial support." oil and refining industries".

In addition, the Prime Minister instructed the ministries (the Ministry of Energy, the Ministry of Energy, the Ministry of Finance, the Ministry of Industry and Trade, the Ministry of Transport and the Ministry of Foreign Affairs) to submit to the government a set of measures providing for the conclusion of bilateral agreements with China, Turkey and India to circumvent anti-Russian sanctions of unfriendly countries, including price fixing for a long-term period, as well as proposals to expand Russia's share in the growing segments of the global energy market.

The government approved the Energy Strategy on April 12, 2025. The document takes into account the growth of global energy demand by 20% by 2050, as well as the diversification of export supplies. According to the targets, in order to maintain Russia's position in the foreign market and consistently supply the domestic market, oil production should reach 540 million tons per year by 2050.

Read more in the exclusive Izvestia article:

Free regime: the authorities will prepare measures to support the fuel and energy sector by November