The decline in oil prices, which occurs amid weakened demand and fears of a second wave of the coronavirus, will affect Russia’s oil and gas revenues. According to the Finance Ministry, from October 1, the export duty on oil will decrease by $2.1 to $ 45.4 per tonne. However, analysts believe that the oil market should improve by the end of the year. The export duty on oil in Russia is tied to global oil prices, the Finance Ministry adjusts it on a monthly basis, taking into account the prices of the Russian export Urals oil since the 15th day of the previous month. This practice has been applied in the Russian ... (full story)