Russia introduces windfall tax on miners, metallurgists: 200B rubles/yr from 2027

Russia's draft budget for 2027-2029 includes a windfall tax on excess profits of mining and metallurgical companies, projected to raise 200 billion rubles annually. This marks a new fiscal measure targeting resource sectors, likely to increase state revenue amid ongoing budget pressures. The tax's design and exact scope remain unclear, but it signals continued state intervention in key industries.