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News // Russia

Russia Export Duties to Increase

01 August 2007 , 13:02653
The export duty on oil in Russia is to increase from $200.6 to $223.9 per tonne from August 1.

Russian Prime Minister Mikhail Fradkov signed the corresponding resolution on July 14.

The export duty on light oil products and liquefied hydrocarbon gas amounts to $163.2 per tonne from August 1, and on dark products - $87.9 per tonne, up from $147.5 and $79.4 respectively.

The export duty on oil and oil products is revised every two months based on monitoring of prices for Russian Urals blend on world markets.

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