Russia may allocate extra metal profits to budget to stabilize prices – reports

The Russian Ministry

The Russian Ministry of Industry and Trade has proposed allocating extra money from domestic metals companies’ sales in order to stabilize prices for metal products used in construction, RBC business daily reported.

Russian government officials met with the representatives of the metals industry on Tuesday to discuss the rising prices of construction materials, which is caused by the growing costs of metals. According to RBC sources, Deputy Minister of Industry and Trade Viktor Evtuhov made two proposals to resolve the issue.

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