EnergyWatch

Russia settles with ExxonMobil in tax dispute

A legal dispute concerning over-taxation of more than USD 600 million has been resolved in a "a mutually beneficial compromise," informs the Russian Ministry of Finance.

Photo: ritzau/AP/Alexei Druzhinin

ExxonMobil and Russia have reached a settlement outside of the court for a dispute concerning over-taxation totaling USD 637 million, reports Reuters, citing a notice issued by the Russian Ministry of Finance on Thursday.

"The sides have reached a mutually beneficial compromise," writes the ministry, adding that the settlement was reached Tuesday.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Nel books another operating deficit

Despite achieving a positive bottom-line figure in this year’s first quarter, Nel Hydrogen books yet another substantial operating deficit in the second quarter, albeit improving the result against the same period last year.

Further reading

Related articles

Latest News

See all jobs