The State Duma committee on budget and taxes has provided for the first reading a draft law to stimulate the mining of rare earth metals.
It will also help develop Yakutia economy.
The draft law presupposes decreasing tax on the mining of natural resources when extracting rare earth metals.
The bill could come into effect on January 1, 2020.
With its help Yakutia could become one of the leaders in rare earth metal mining in Russia. (Ukrainian metal)