IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 26 Sep 2014 | Removal date: open ended
Still in force

Export tax

Decree 846 of 26 September 2013 has introduced a mechanism ensuring reduced export customs duties (without disclosure of the concrete calculation formulas) on crude oil (code 2709 00) with special physical and chemical characteristics.
 
The geographical regions in which is extracted this particular type of crude oil are areas that are entirely or partly within the boundaries of the Republic of Sakha (Yakutia), Irkutsk Oblast, Krasnoyarsk Krai, Nenets Autonomous District, entirely or partially within the boundaries of the Yamal-Nenets autonomous region.
 
China's CNPC, Glencore, Itochu and Shell may benefit as potential investors from the introduction of the new measure (see the second and third information sources).
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2709 Petroleum oils and oils obtained from bituminous minerals, crude.
270900 Petroleum oils and oils obtained from bituminous minerals, crude.

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