– Slovak Finance Minister Igor Matovic mentioned on Tuesday he would suggest a particular tax on Russian crude processed within the nation, clashing with a authorities coalition associate as he seeks to lift funds income for the state’s anti-inflation measures.
The proposal comes as European Union states additionally search settlement on a harder set of sanctions towards Russia for its invasion of Ukraine. That features a doable oil embargo from which Slovakia has sought a brief exemption.
Slovakia depends on Russian crude, coming through the Soviet-era Druzhba (Friendship) pipeline from Russia. The nation’s sole refinery is operated by Slovnaft, which is managed by Hungary’s MOL.
Matovic mentioned the particular tax might herald round 300 million euros ($316.29 million) of further income to the state funds, which might cowl some prices of state measures to ease the burden of surging inflation within the nation.
He mentioned the tax of 30% needs to be paid from the distinction between the value of crude from Russia and that from different suppliers.
Whereas Matovic mentioned he anticipated to get adequate assist for the proposal when he submits it to the federal government on Wednesday, the plan remains to be unsure and one coalition associate has already criticised it.
Financial system Minister Richard Sulik, whose SaS celebration has opposed increased taxes, mentioned the plan might result in increased gasoline costs, and he has threatened to veto the proposal, TASR information company reported.
In February, the federal government had sought a tax on “extra income” from nuclear energy manufacturing because it appeared for tactics to assist households address hovering power payments.
But it surely scrapped that tax after reaching a deal to cap family electrical energy costs with Slovenske Elektrarne, which operates the nation’s two nuclear crops and is majority-owned by Italy’s Enel and Czech billionaire Daniel Kretinsky’s EPH group.
($1 = 0.9485 euro)
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