New Oil Export Duties in Russia

Russian Prime Minister Vladimir Putin has signed a government decree on customs duties on crude oil and various oil products exported from Russia to countries outside of the zone of Russia's existing agreements, the cabinet's deputy chief of staff Dmitry Peskov told journalists today.

The exports duty on crude oil has been set at $100.9 per tonne. The decree comes into force on February 1, Peskov specified.

Author: Ksenia Kohneva