Oil export duty in Russia to be reduced by $2.2 from August 1

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The export duty on oil in Russia will be reduced by $2.2, reaching $53 per ton, from August this year, Russia's Finance Ministry said in a statement.

Report informs citing TASS that the average price of Russian export Urals oil for the monitoring period from June 15 to July 14 was $84.421 per barrel or $616.3 per ton, the report says.

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