Russia will increase export taxes on petrochemical products from next year

Russian Prime Minister Vladimir Putin has signed an order and decided to increase the country’s oil export tax to US$317.5 per tonne as of January 1, 2011. The export tax for petrochemical products such as ethylene is raised to 1 per tonne.
Russian Prime Minister Vladimir Putin has signed an order and decided to increase the Russian oil export tax from the current level of 303 US dollars per tonne to 317.5 U.S. dollars from January 1, 2011.
According to this order, since the next month, Russia's export tax on light petroleum products will increase from the current 217 US dollars per ton to 226.2 US dollars; the export tax on heavy petroleum products will increase from US$ 116.9 per ton to US$ 121.9. East Siberian oil exports continued to enjoy preferential policies, and export taxes increased from US$108 per ton to US$117.5.
The order also stipulates that the export tax for products such as propane, butane, ethylene, propylene, butenes, and butadiene will be raised from the current $118.1 per ton to $149.3.

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