Siluanov: incentives do not boost Russian oil firms’ investment

Siluanov: incentives do not boost Russian oil firms’ investment

Investment activity of Russian oil companies has not increased after they received incentives, Russian Finance Minister Anton Siluanov said, adding that the Finance Ministry plans to prepare a report on effectiveness of the supporting measures.

"We will present a report on effectiveness of the provided incentives at the end of the year because we see that investment activity, unfortunately, does not improve after the incentives were provided to oil companies," Siluanov said.

"The companies plan to pay dividends from the additional income," PRIME ministry cited the minister as saying.

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