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Russia significantly reduced the export duty on oil

Russian Foreign Trade
The export duty on Russian oil was significantly reduced due to falling prices for oil.

Beginning February 1 of this year, the export duty on Russian oil was reduced by 57.3 dollars per ton to 112.9 dollars per ton. In January of this year, the export duty on crude oil was 170.2 dollars per ton. Reduction of duties was due to falling prices for oil.

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Russian foreign trade statistics
Source: Federal Customs Service of Russia