Russia to raise oil export tariffs on 25%

Russian Ministry of Finance said on the 15th from the beginning of July to raise oil export tariffs on 25 percent, which is the price of crude oil rose after Russia's latest actions to improve revenue.

Russian Ministry of Finance is responsible for the Customs and Excise Department to pay people to Interfax, said Alexander Sakovich, export duties per tonne of oil rose to 152.80 U.S. dollars from 212.60 U.S. dollars, came into effect July 1.

Russian oil company in 2008 began to reduce tariffs on oil exports due to crude oil prices dropped to a historic low point, but began to rise again as oil prices to increase.

Last week, oil prices soared to more than 73 U.S. dollars a barrel, on the 11th founding in 2009 the level of 73.23 U.S. dollars the maximum, October 2008 is the highest level since.

Source: www.in-en.com Jun. 15, 2009