Page 107 - RusRPTMar23

6.1.2 Budget dynamics - specific issues...
A new proposed limit on the effective discount for Urals blend exports realized against dated Brent prices would change oil price calculations for mineral extraction taxes, VAT taxes, and reverse excises used in calculating payments back to refiners, raising an estimated 600 billion rubles by squeezing the oil sector’s margins and punishing firms with still-operational foreign refining assets selling themselves Russian crude at a discount and selling refined products at market rates as a form of arbitrage.
Taxes on LNG exporter profits are set to rise from 20% to 34%, a marginal offset for the revenues Gazprom cannot realize this year having lost its European markets and seen natural gas prices fall off of last year’s astronomical highs.
How much is Russia spending on its military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
107 RUSSIA Country Report March 2023 www.intellinews.com