Energy min: Russia’s govt to switch to unified oil pdt duties soon

MOSCOW, Jul 28 (PRIME) — Russian Energy Minister Sergei Shmatko told reporters Thursday that he expected the government to switch to unified export duties on light and heavy oil products, or the so-called 6066 tax regime, in the near future.

The ministry has no plans to peg the regime to current oil prices, Shmatko said.

The Russian government could switch to the regime in August, Deputy Finance Minister Sergei Shatalov said in late July.

This regime envisages decreasing the maximum size of the export duty on oil to 60% from the current 65%, which is levied on the difference between average world oil prices, estimated on a monthly basis, and an oil price of U.S. $182.5 per tonne, while unifying the export duties on light and heavy oil products at 66% of the oil export duty.


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