Support measures should be systematic. They should provide every investor who wants to invest in it with a picture for 15–17 years ahead and guarantee that they will be able to get back the invested money due to high EBITDA margin, which, for example, will be partially secured by reverse excise tax — Pavel Sorokin, Deputy Minister of Energy of the Russian Federation.
How can you make people sell in the domestic market? You can force them to, or you can provide economic incentives. To avoid the practice of dictating terms, we, in co-operation with the Ministry of Finance, introduced a damping mechanism — reverse excise tax. This element has been in place for a month so far. The difference between the export alternative and an estimated market price, which has to be suitable for everyone, is compensated from excess budget returns that come from oil price growth. A part of this difference is compensated — a half in nominal terms and 70–80% in real terms — Pavel Sorokin, Deputy Minister of Energy of the Russian Federation.
The reverse excise tax is definitely important for enterprises, because large amounts have been invested. However, the reverse excise tax is not helpful from the price perspective, it will be the global price anyway. On the other hand, more will be produced, but all products may go abroad where it will be willingly bought — Viktor Evtukhov, State Secretary and Deputy Minister of Industry and Trade of the Russian Federation.