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Sergey Donskoy: “We will continue to develop new mechanisms to stimulate geological exploration”

“In particular, we propose to reduce the severance tax by the amount of exploration costs, to provide for the possibility of payment by installments of one-time payments. The Ministry of Natural Resources and Environment is ready to look for new incentives, including tax ones, in order for private business to invest more money in geological exploration, ”said Minister Sergei Donskoy at the final board of the department.

At the same time, this year it is planned to introduce a mechanism of preliminary guarantees, including for foreign investors, on subsoil plots of federal significance and the declarative principle of granting rights to geological study of subsurface resources.

The Ministry of Environment also prepared a number of bills that should increase the investment attractiveness of the forest industry and stimulate the production of high value added products. In particular, one of them provides priority access to forest resources of enterprises engaged in deep processing of wood through tenders for the right to lease. The selection criterion will be the availability of production capacity and depth of processing. At the same time, access to forest resources is provided to small and medium-sized businesses, which will receive the right to conclude contracts for the purchase and sale of forest plantations.

The ministry considers it necessary to suspend tax benefits for companies that violate licensing agreements. And such mechanisms are now being developed. For example, last year, the fees for emissions from associated petroleum gas (APG) were raised, and this immediately gave the result. As expected in the Ministry of Natural Resources, to 2015 year, APG utilization will be planned 95 percent.

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