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The State Duma adopted in the first reading a draft to reduce the oil stoppage price to $50 The State Duma adopted in the first reading a bill that establishes a reduction in the base price of oil in the budget law to $50 per barrel. Also, the initiative allows, in case of security threats, to prepare the state budget for the year. The current cut price (base price) of oil is $59 per barrel. If the real oil price is higher than this index, the state transfers all additional oil and gas revenues to the reserve - the National Welfare Fund. If the real price is lower, the state can use funds accumulated from the welfare fund to cover the difference between the real and planned income. It is proposed to make changes to the Budget Code of the Russian Federation and certain legislative acts of the Russian Federation. It is proposed to reduce the price of basic oil in the years 2027-2030. As a result, the plan adopted last year to gradually reduce the cut price by $1 per year to $55 per barrel in 2030 is declared illegal as of next year.

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ТЭК-ТЭК · · Source

🇷🇺 Russia · Map

The State Duma adopted in the first reading a draft to reduce the oil stoppage price to $50 The State Duma adopted in the first reading a bill that establishes a reduction in the base price of oil in the budget law to $50 per barrel. Also, the initiative allows, in case of security threats, to prepare the state budget for the year. The current cut price (base price) of oil is $59 per barrel. If the real oil price is higher than this index, the state transfers all additional oil and gas revenues to the reserve - the National Welfare Fund. If the real price is lower, the state can use funds accumulated from the welfare fund to cover the difference between the real and planned income. It is proposed to make changes to the Budget Code of the Russian Federation and certain legislative acts of the Russian Federation. It is proposed to reduce the price of basic oil in the years 2027-2030. As a result, the plan adopted last year to gradually reduce the cut price by $1 per year to $55 per barrel in 2030 is declared illegal as of next year.

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