In Russia, the Urals discount to Brent was limited when calculating oil taxes

The corresponding document is published on the official portal of legal information.

According to the law, if Urals oil in April is cheaper than benchmark Brent oil (North Sea Dated quote) by more than $34 per barrel, then the price of the Russian mark will be fixed as the cost of Brent minus $34 for tax purposes.

Earlier it was reported that the average price of Urals oil for the monitoring period from January 15 to February 14, 2023 amounted to $50.51 per barrel, or $368.7 per ton.

An expert of the National Energy Security Fund, a lecturer at the Financial University under the Government of Russia, Stanislav Mitrakhovich, in an interview with the Economics Today, commented on the situation with prices for Russian Urals oil.