Russia. Oil export duty is down by $57.3

Oil export duty in the Russian Federation goes down by $57.3 from $170.2 to $112.9 per a ton since February 1st, 2015.

According to the Ministry of Economic Development the preferential rate of oil duty from Eastern Siberia, Caspian deposits and Prirazlomnoye deposit is set to zero since February 1st (since January 1st - $11.9) due to a new calculation formula, taken within the tax maneuver in the oil sector.