Source Pravda.Ru

RAO UES head praises rise in duties on black oil

Anatoly Chubais, Chief Executive Officer of the energy grid RAO UES ofRussia, approved the decision to raise export duties on black oil. He madethis announcement at a break in the Cabinet meeting today. According toChubais, the market price for black oil went up from 1,400 rubles to 2,600rubles (from about $44.37 to $82.4 at the current exchange rate) per tonover the past three months. The RAO UES head estimated this upsurge inprices as a financial stab and noted that an increase in export dutieswould help stabilize the situation on the domestic market.Export duties on black oil were increased on August 1, 2002, from EUR 10 toEUR 20 per ton..

©

&to=http://www.rao-ees.ru/en/' target=_blank>RAO-UES

Comments
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
China makes serious preparations for hot war with USA
China makes serious preparations for hot war with USA
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Russia to prove its innocence in MH17 disaster
Who shot down Russia's Su-25 in Syria?
Who shot down Russia's Su-25 in Syria?
Russia to prove its innocence in MH17 disaster
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Putin warns of consequences should Georgia and Ukraine become NATO members
Putin warns of consequences should Georgia and Ukraine become NATO members
Putin warns of consequences should Georgia and Ukraine become NATO members
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Russia to prove its innocence in MH17 disaster
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Russia to prove its innocence in MH17 disaster
Putin warns of consequences should Georgia and Ukraine become NATO members
Russia to prove its innocence in MH17 disaster
Will Iran close the Strait of Hormuz to trigger global oil crisis?