MOSCOW, August 13. /TASS/. The Finance Ministry is satisfied with the operation of a new tax calculation mechanism based on Urals and ESPO oil blends’ prices introduced in early 2024, Deputy Minister Alexey Sazanov said in an interview with the Expert news outlet.

"The current mechanism is functioning. The situation is balanced now; changes we approved last year take into account the interest of the government and the oil companies. We do not plan returning to the previous calculation system or search for new variants," Sazanov said.

A transition to the calculation of the tax base of exporting companies in rubles is not planned for the time being, the deputy minister said. Despite the increase in ruble revenues of exporters, global prices remain more representative because of high liquidity of international markets.

"Global markets have much higher liquidity than the Russian one. Accordingly, prices calculated on the global trade basis are more representative and better recognize the real situation in the market. The Russian ones, I regret saying, are highly exposed to manipulation thus far by virtue of constraints of market players, mainly sellers. To avoid being victims of non-representative data, we continue using global prices in our work, so that to prevent adverse implications on fiscal receipts for the budget," Sazanov said.