There will be no indexation of cut-off price for steel excise tax, budget situation does not allow it - Russian finance minister

MOSCOW. Sept 15 (Interfax) - The Finance Ministry is against indexing the cut-off price for calculating the steel excise tax, and there will be no changes to the cut-off.

"The cut-off will not be increased. The Finance Ministry is against it. The Finance Ministry does not support changing the cut-off; the budget situation does not currently allow for indexing the cut-off," Deputy Finance Minister Alexei Sazanov told journalists.