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Russia Hints At Tax Break For Aviation Biofuel

by Tatiana Smolenskaya, Tax-News.com, Moscow

11 November 2010


Tax breaks on aviation biofuel made from sawdust to power aircraft is a real possibility for Russia, deputy transport minister Valery Okulov announced in anticipation of an international decision on the certification of aviation biofuels, expected in 2011.

Okulov said that since Russia was full of forests yielding plenty of sawdust there would be a plentiful supply of such fuel and thus it was an obvious alternative source of energy. The deputy transport minister added that it would not be subject to environmental tax, in order to make it competitive with kerosene.

Okulov went on to confirm that Russia already had expertise in alternative fuels, such as with the Mi-8TG helicopter powered by LPG gas.

The international certification of aviation biofuels, which have already been tested on some aircraft types, is expected to be completed by the International Air Transport Association in 2011.

TAGS: Russia | environment | tax | aviation | environmental tax | excise duty

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