New formula for oil product export duties to take effect in February
MOSCOW. Dec 24 (Interfax) - The new mechanism for calculating export duties on oil products will take effect in February 2010, the head of the Economic Development Ministry's department for development and regulation of foreign economic activity, Vitaly Gudin, told journalists.
The draft resolution on oil product export duties in January that the ministry submitted to the government uses the old formula, he said.
"The new calculation mechanism will take effect in February," he said.