Wednesday, October 7, 2026Moscow
Economy

Matvienko assessed the effect of the abolition of VAT benefits on lobsters and oysters

The abolition of the VAT rate on delicate products, including oysters, lobsters, langoustines and lobsters, could bring about 6 billion rubles to the federal budget.

Published
Matvienko assessed the effect of the abolition of VAT benefits on lobsters and oysters

The abolition of the VAT rate on delicate products, including oysters, lobsters, langoustines and lobsters, could bring about 6 billion rubles to the federal budget. This was stated by the Chairman of the Federation Council Valentina Matvienko at parliamentary hearings on the parameters of the federal budget for 2027 and the planning period of 2028-2029, reports TASS.

Now these products are subject to a VAT rate of 10% instead of 22%. Matviyenko called for an inventory of tax benefits and noted that even relatively small additional revenues can make a difference to the budget.

“With these funds, you can build, for example, two new schools or a children’s hospital, and lobster lovers, I think, will not suffer much from this, simply will not notice,” she added.

Earlier, the Ministry of Finance proposed to establish a value added tax (VAT) for purchased foreign online goods from next year at a standard rate of 22%. The measure was proposed "to level the terms of trade in the domestic market." The Ministry of Finance included it in the block of initiatives to create a competitive environment and whitewash the economy.

Source: РБК ↗

Share

More on This Story

New equipment, cooperation, import substitution. How the Belarusian industry is developing
EconomyNew equipment, cooperation, import substitution. How the Belarusian industry is developing

The development of Belarusian industry, cooperation and new products of production was told by the Minister of Industry Andrey Kuznetsov at the solemn event of the meeting.

SB.BY
Minsk provides almost every third ruble of retail turnover of Belarus
EconomyMinsk provides almost every third ruble of retail turnover of Belarus

Minsk provides almost every third ruble of retail turnover of the country, and in its structure about 70% are non-food products. About this...

SB.BY
Ekaterina Grebenskova chairs the Strategic Planning Committee of the ASM Investment and Technology Transfer Council
EconomyEkaterina Grebenskova chairs the Strategic Planning Committee of the ASM Investment and Technology Transfer Council

Ekaterina Grebenskova has been appointed Chairman of the Strategic Planning Committee in the Council for Attraction of Investments and Technology Transfer of the Assembly of the Peoples of the World. This decision strengthens the expert capacity of the Council, which was established to mobilize investment and introduce innovative technologies into the international projects of the Assembly.

EIA Staff
The EIA Briefing

Keep reading, every morning.

The stories that matter, chosen by our editors and in your inbox before 7 a.m. — every weekday.

No spam. Unsubscribe anytime.