Russia hasn't Yet Decided to Raise Oil Duties

22.10.2010 16:00
Архив Редакция

Russia has not yet made a final decision on the significant increase in duties on petroleum products within the Customs Union from 2011. "It's early to say about a dramatic increase of duties on petroleum products from January 2011. There's no formal decision about the significant increase in fees," Deputy Minister of Economic Development of Russia Andrei Slepnev said on October 22. 

«There are different methods and solutions in this regard,» Russian official said, stressing on the «short terms», RBC reports.

According to Andrei Slepnev, there are different options. One is the alignment of rates for light and dark oil, and a gradual increase in the average of these rates. «This improvement should not lead to higher prices in the domestic market, and therefore must be balanced,» Deputy Minister said.

As stressed by Andrei Slepnev, to date the state — members of organizations of the customs union and single economic space are already moving to «some other» principles of cooperation, waive the application of the mechanism of customs duties.

«Another mechanism will come instead, according to which resource rents, being now collected in the form of fees, are still going to be directed to Russia,» Deputy Minister said.

As Telegraf previously reported, Deputy Finance Minister Sergei Shatalov said on October 19 that export duties on oil products within the Customs Union might be increased by 85-90% of the oil export duty from the current 55% in 2011.

However, the Belarusian Foreign Ministry stated that it didn’t consider the oil duty proposal of the Russian Federation as official. «It’s been said in such a manner that could not be perceived as a formal proposal from the Russian side. There are other channels for formal proposals,» Deputy Foreign Minister of Belarus said.

Как вам новость?