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Russia's Finance Ministry presents its crude export duty forecast

May 15, 17:49 UTC+3 MOSCOW
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MOSCOW, May 15. /TASS/. Crude export duty will be slashed by $4 to $80 per tonne starting June 1, 2017, according to the documents released by Russia’s Finance Ministry on Monday.

Currently, Russia’s crude export duty stands at $84 per tonne.

The average price for Urals crude oil amounted to $48.20889 per barrel, or $351.9 per tonne, in the period between April 15 and May 14.

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