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Russian oil and fuel export duties to be scrapped from January 2024

Sunday, 17 December 2023 | 21:00

Russia’s crude oil and most oil products export duty will be nullified starting from January next year in line with the so-called government’s “tax manoeuvre”.

The gradual reduction of the oil export duty in 2018 – 2024 is stipulated in the customs tariff law and is compensated by an increase in other taxes, mainly, mineral extraction tax.
Source: Reuters (Reporting by Vladimir Soldatkin; editing by Guy Faulconbridge)

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