Italian Economy Minister Giancarlo Giorgetti announced a ministerial decree will be used to extend fuel excise tax discounts beyond their June 6 expiry, avoiding a full cabinet vote. He also stated that any available fiscal space for energy support would be carefully evaluated to aid families and businesses.
Italy's Economy Minister Giancarlo Giorgetti announced that fuel excise tax cuts, expiring June 6, will be extended via a ministerial decree, not a Council of Ministers measure. He also mentioned evaluating new EU flexibility on energy spending to support families and businesses.
Russia's Deputy Finance Minister Alexey Sazanov announced that discussions are underway with the Ministry of Industry and Trade regarding a potential excise tax on imported steel. A final decision is expected in the fall, coinciding with the budget process.
Russia's Finance Ministry is considering an excise tax on imported steel, with a decision potentially made by autumn. Discussions are ongoing with the Ministry of Industry and Trade regarding the scope and feasibility of the measure.
Italy will extend fuel excise tax cuts until the first week of June and provide support for truckers and local public transport. The government will also address the situation at the Ex-Ilva steel plant.
