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ru24.net
World News in Dutch
Апрель
2016

Ecuador Earthquake Update: Taxes To Be Hiked Temporarily To Fund Relief Work

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Ecuador’s President Rafael Correa said Wednesday he was raising taxes to help reconstruction efforts in the aftermath of the earthquake that jolted the country over the weekend, causing at least 570 deaths and billions of dollars worth of damage. The economy of the South American country — a member of the Organization of Petroleum Exporting Countries — is highly dependent on oil, and was  already suffering due to a prolonged fall in crude oil prices.



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