The Russian government plans to generate 18.5 billion rubles ($217.65 million) in budget revenue over three years following the introduction of an export duty on rough diamonds, effective March 1, 2027.
TASS quotes draft federal budget materials which indicate that next year, revenue from this additional tax will amount to 5.42 billion rubles ($63.76 million).
Authorities estimate that this figure will rise to 6.51 billion rubles ($76.59 million) in 2028 and to 6.59 billion rubles ($77.53 million) in 2029.
The duty applies to rough diamonds weighing from 0.45 carats and above.
Theodor Lisovoy, Managing Editor, Rough&Polished
