Russian Economic Development Ministry Expects Average Urals Price for Taxes at $58 in 2025

NAMPA / Sputnik

2025-09-24

MOSCOW, September 24 (RIA Novosti) - The Russian Ministry of Economic Development upgraded on Wednesday its forecast of the average price of Urals crude oil for taxation in 2025 to $58 per barrel, a representative of the ministry said on Wednesday. The ministry explained that this is the price of Russian oil, determined for tax purposes in accordance with the new rules, in particular, amendments to the tax legislation that entered into force on J......

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