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Free AccessPutin Approves Discount Of Urals To Brent For Export Duty
Russian President Vladimir Putin approved on Thursday changes to the law, setting fixed discounts for the price of Urals oil blend to Brent to calculate the export duty, according to the official website of legal information.
- The discount is fixed at $204.4/t, $28/bbl from April 15 to May 14 and at $182.5/t $25/bbl from May 15 to June 14 and for further periods for calculation of the export duty.
- Differential of Urals to Brent widened significantly in December after the West imposed price caps of $60/bbl for the Russian oil as part of the wider sanctions over Ukraine, reducing taxable base.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.