Oil Export Duty

 

On 21 March 2012 the Government adopted Resolution No. 205 approving new rates of export customs duty on crude oil and crude-oil products exported beyond the borders of the Russian Federation to countries outside the Customs Union.

The Resolution increases the rate of customs duty payable on crude oil and crude-oil products extracted from bituminous formations (TN VED 2709 00) exported outside the countries that are members of the Customs Union (i.e., Russia, Belarus, Kazakhstan). The new rate is set at US$ 460,7 per ton (the previous rate was US$ 411,2 per ton).

The new rate applies as of 1 April 2012.

For further information please contact Igor Ostapets or Alexandra Schukina in the Moscow office of White & Case, tel + 7 495 787 3000 .

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