Russia raises oil export tax

March 30, 2005
The Russian government plans to increase its oil export duty to a record $102.60/tonne starting Apr. 1. The duty has been $83/tonne since Feb. 1.

Eric Watkins
Senior Correspondent

LOS ANGELES, Mar. 29 -- The Russian government plans to increase its oil export duty to a record $102.60/tonne starting Apr. 1. The duty has been $83/tonne since Feb. 1.

During December 2004 and January, the duty was $101/tonne, the previous highest level. Russia's oil export duty is reconsidered every 2 months.