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In 2023, the Russian Ministry of Finance will continue to use the existing Urals oil quota


In 2023, the Russian Ministry of Finance will continue to use the existing Urals oil quotation.

Photograph: Reuters

In 2023, the Russian Ministry of Finance will continue to use quotations for Russian Urals oil calculated by the Argus price agency. The department’s press service reported this on Sunday, November 13.

It is also reported that in the first quarter, the Ministry of Finance will study the feasibility of switching to the use of other quotations, which allows maintaining the stability of tax and customs revenues.

“The CIF quote exists and is being published by Argus. It is used when calculating MET, AIT and export duties on oil. In 2023, this quotation will continue to be used to calculate taxes and duties,” the press service said.

Meanwhile, according to the latest forecasts of the Central Bank of the Russian Federation, Urals oil prices will remain unchanged at the level of 70, 60 and 55 US dollars per barrel in 2023, 2024, 2025, respectively.

Previously, Chief Energy Director, Market Expert, Energy and Finance Institute Alexey Gromov It is extremely difficult to replace Russian oil in the European market.

Source: www.kp.ru

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