Russian export duties on oil up with 25%
The rate of duty on oil exported from Russia, it is almost 496 dollars per tonne from 1 August, RIA Novosti reported, referring to information from the Russian Ministry of Finance.
The increase of duty for two months (the period reviewed the level of rates) is nearly 98 dollars per tonne, ie almost 25%.
Russian government formed duties for the export of oil and derivative to a special formula at the heart of which have average oil prices to two-month period in Russia and international markets. For the period May-June laid average price is 123 dollars for a barrel, which led to the determination of the highest ever export duties on Russian oil.
The high duties will lead to slumping oil from the variety Ural Mountains.
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