Medvedev introduces changes to the legal regulation about special formulas of crude oil export duty rates

Dmitry Medvedev signed the regulation introducing changes to legal regulation about special formulas of crude oil export duty rates for the oil extracted at the subsoil sectors situated within defined territories, the press service of the RF government reported.

The regulation was developed by the RF Ministry of Energy in order to apply the special formulas of the export duty rates presupposed by the cl. 31 of the Customs Tariff Law. These special formulas provide for the reduction of the duties and are applied to the crude oil with special physical and chemical characteristics extracted at the subsoil sectors fully or partially within the limits of Yakutia, the Irkutsk Region, the Krasnoyarsk Territory,

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