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Putin was instructed to submit proposals on oil price calculation for taxes by March 1 KXan 36 Daily News

Date: March 26, 2023 Time: 14:09:00

“To minimize the negative impact on the revenue of the federal budget, taking into account the peculiarities of the formation of indicative prices for oil under sanctions restrictions,” says the document, published on the Kremlin website.

Earlier, this issue was discussed at a meeting with the government, and then Putin, in response to the report of Deputy Prime Minister Alexander Novak, said that the Russian budget should not have problems due to discounts for buyers of Russian oil. He note that the discount on Russian oil has increased after the EU embargo on its imports and the introduction of a maximum price. Novak, in turn, predicted that as the situation in the market stabilizes, the discount should decrease.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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