Marcel Salikhov, President of the Institute for Energy and Finance, commented to The Bell on the impact of changes in oil price calculations for the Russia’s federal budget.
— We are talking about limiting the discount in order to calculate taxes for the oil industry — mineral extraction tax and export duties, Marcel Salikhov explains. Compared to current quotes, this means that the actual price for calculating taxes will be higher by about $10 per barrel, which will give about 1 trillion rubles of additional oil and gas revenues per year.
Salikhov Marcel R.
President, Principal Director on Economic Studies, Head of the Economic Department
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