23 Jan 2016 18:12

Russian Energy Ministry drafting administrative support measures for oil industry, not considering tax breaks - Novak

MOSCOW. Jan 23 (Interfax) - The Energy Ministry is drafting proposals on administrative measures to support the oil and gas industry; tax breaks or bailout are not being considered, Energy Minister Alexander Novak told reporters on Saturday.

"As regards additional support measures, these should be not about money or about tax, but mainly about easing the administrative processes for businesses," he said. "The task is for the government to simplify the work for oil companies," the minister said.

In the current situation, even oil companies themselves have not asked for money or tax support, he stressed.