The Federal Law is designed to maintain the necessary level of tax revenue to the budget system of the Russian Federation in 2015–2017.
Thus, the Federal Law sets excise duty rates for 2015–2017 and establishes the procedure for applying excise duty to natural gas sold pursuant to international agreements.
The Federal Law envisages implementing a ‘tax manoeuvre’ that includes a stage-by-stage reduction of export duty on oil and petroleum products with a simultaneous increase of the mineral extraction tax rate for oil and gas condensate.