The Trade Ministry announced that commercial-bank lending using CBRT-funded rediscount facilities was brought within the banking and insurance transactions tax exemption. The statement concerns taxation of export financing.
It also described the inclusion of long-term rediscount loans provided by Eximbank and commercial banks. The announcement concerns specified loan types; it does not remove every tax on all commercial lending.
An IMF mission that visited on 15–18 September reviewed banking restructuring and fiscal planning. The Fund expects contraction and double-digit inflation in 2026.
News
Illustration