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Slovak finance minister sets up battle with proposed tax on Russian oil processing

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Reuters UK

(Reuters) – Slovak Finance Minister Igor Matovic said on Tuesday he would propose a special tax on Russian crude processed in the country, clashing with a government coalition partner as he seeks to raise budget revenue for the state’s anti-inflation measures. The proposal comes as European Union states also seek agreement on a tougher set of sanctions against Russia for its invasion of Ukraine. That includes a possible oil embargo from which Slovakia has sought a temporary exemption. Slovakia relies on Russian crude, coming via the Soviet-era Druzhba (Friendship) pipeline from Russia. The cou…

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