Ministry of Finance proposes to reduce Ural oil discount in taxation

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Russian Deputy Finance Minister Alexei Sazanov said that the State Duma approved the changes proposed by the government, and accordingly it is proposed to reduce the reduction of Russian Urals oil to the Brent benchmark from $ 25 to $ 20 a barrel, from September 1 this year. Transmits words TASS.

“It was proposed to reduce the price of the Ural varieties used for the calculation of MET and AIT to $ 20,” the deputy minister said at a meeting of the State Duma Committee on Budget and Taxes.

According to Sazanov, the maximum discount at the moment is $ 25, ”Deputy Finance Minister Alexei Sazanov explained at a committee meeting.

Prior to that, Bloomberg reported, citing data from the Argus pricing agency, that the cost of Russian export-grade Ural oil in the port of Novorossiysk was US$59.98 per barrel, almost equal to the US$60 ceiling set by Western countries. per barrel. It was noted that these levels are not yet seen as a violation and that Western companies allow the use of oil transportation services.

Former Ministry of Finance of the Russian Federation commented tax burden in the resource sectors of the economy.

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