Russia's Duma Backs Audit Chamber Proposal to Raise Gold Mining Tax

The Russian State Duma, led by Vyacheslav Volodin, has signaled support for the Audit Chamber's proposal to increase the tax rate on gold mining, potentially shifting from one-time payments to systematic taxation and introducing a superprofits tax. This marks a policy shift that could raise costs for Russian gold producers and affect global gold supply dynamics. The proposal is under study, with details and implementation timeline uncertain.