Novak Calls U.S. Diesel Deal a 'Positive Signal' for Russia's Economy

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Russian Deputy Prime Minister Alexander Novak described a diesel agreement with the United States as a positive signal for Russia's economy, saying higher refining and production would generate additional budget revenue. Finance Minister Anton Siluanov said diesel exports carry no export duties and would be reflected in state finances.

Russian Deputy Prime Minister Alexander Novak said on Wednesday that the diesel agreement with the United States is linked to higher Russian refining and production and means additional taxes for the budget. He spoke to journalists at Russian Energy Week in Moscow, calling the agreement "a positive signal for our economy", and saying it brings spending on the social sphere and opportunities for investment. Russian Finance Minister Anton Siluanov said on Tuesday that Russia has no export duties on diesel and that the exports will be reflected in…