Voice of Russia: Russia offering zero gas tax for fields that supply gas to China

Russian President Vladimir Putin has offered to zero out the mineral extraction tax for gas fields that supply gas to China under a future contract. China, for its part, has said it is ready to scrap import duty on Russian gas, Igor Sechin, the head of state oil giant Rosneft, told reporters.

"We're talking about fields that will be sources of gas for the Chinese market. This is a very reasonable and integral proposal, which could serve as the basis for a compromise. But compromise is always possible when both sides accommodate each other," Sechin said.

"They are ready to scrap import duties on Russian gas. And that is also a step towards," he said.

The Russian and Chinese presidents, Vladimir Putin and Xi Jinping, adopted a joint statement after their talks in Shanghai on Tuesday, reaffirming the two countries' plans to further promote cooperation in the oil sector and facilitate the soonest possible launch of Russian natural gas exports to China.
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