This was reported in the Ministry of Finance of Russia.
“The average price of Urals oil in January-December 2022 was $76.09 per barrel,” the report says.
The Finance Ministry added that the average price of Urals oil in December 2022 was $50.47 per barrel.
Earlier, Russian President Vladimir Putin announced the signing of a decree on retaliatory measures to introduce a cap on oil prices in the near future.
Deputy Prime Minister Alexander Novak said that prices for petroleum products in Europe after the embargo on supplies from Russia in February could soar.