The decrees on the application of a special formula for calculating the export duty on oil produced in the two fields are signed.

Dmitry Medvedev, the Russian Prime Minister, signed a decree on the application of a special formula for calculating the rate of export customs duties on crude oil produced in the North Talakansk and East Alinsk fields, the press service of the Cabinet reported.

The documents were prepared by the RF Ministry of Energy and Natural resources in compliance with the Russian Federation Law "On Customs Tariffs", as well as in accordance with the Government Decree № 846 dated September 26, 2013 "On the procedure for the preparation of proposals for the application of special formulas for calculating the rates of export customs duties on crude oil as specified in subparagraph 2 of paragraph 5 of Article 31 of the RF Law "On Customs Tariff", and monitoring the validity of their application".

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