Russian Finance Ministry To Continue Using Existing Urals Oil Quotation

Faizan Hashmi Published November 14, 2022 | 04:10 AM

Russian Finance Ministry to Continue Using Existing Urals Oil Quotation

MOSCOW (UrduPoint News / Sputnik - 14th November, 2022) The Ministry of Finance of Russia says it will continue to use the existing Urals oil quotation next year when calculating export duties and taxes on the extraction of raw materials, but will also consider the feasibility of switching to other quotations.

"In 2023, this quotation will continue to be used for calculating taxes and duties. The Ministry of Finance, together with the Ministry of Energy, the Ministry of Economic Development and oil companies, will discuss the feasibility of switching to using other quotations in the first quarter of next year," the finance ministry said.

Facebook Twitter Reddit Pinterest Whatsapp

Prize Bonds

PSX 100 Index

Currency Rates

Gold Prices

Petrol Prices

Crypto

Recent Stories

Govt committed to developing gems, jewellery secto ..

Govt committed to developing gems, jewellery sector: Minister

Three new bills introduced in Senate

Three new bills introduced in Senate

Nine dead, 1,318 injured in Punjab road accidents

Nine dead, 1,318 injured in Punjab road accidents

Ukraine, Russia exchange fire, at least seven dead

Ukraine, Russia exchange fire, at least seven dead

1st-ever National Sports Revival conference starts ..

1st-ever National Sports Revival conference starts next month

Joint venture decided for action against MEPCO’s ..

Joint venture decided for action against MEPCO’s defaulters

Modern irrigation system imperative to deal with w ..

Modern irrigation system imperative to deal with water scarcity: UAF VC

Bringing 4.4mln hectares suitable land under olive ..

Bringing 4.4mln hectares suitable land under olive cultivation to address econom ..

One woman died after speedy bus overturned

One woman died after speedy bus overturned

155 killed in Tanzania as heavy rains lash East Af ..

155 killed in Tanzania as heavy rains lash East Africa

Parliament committed to resolve public issues on p ..

Parliament committed to resolve public issues on priority basis: Ghulam Mustafa

Collaborative Care of Diabetes Centre inaugurated ..

Collaborative Care of Diabetes Centre inaugurated in Faisalabad