OREANDA-NEWS. The conclusion of a new agreement to reduce oil production under OPEC+ won't save the Russian budget from a sharp collapse in financial revenues from oil exports, warns the American media. According to the agency, in May the size of the export duty will drop to a minimum since 2002, when the existing mechanism for their collection was introduced.

The size of the export duty on oil is set for the next month, based on the average price of Urals during the month - from the middle of the current month to the middle of the previous one. According to the Russian Ministry of Finance, from March 15 to April 14 a barrel of Urals cost an average of $ 19,00075, and a ton - $ 138.7. As a result, starting May 1, the export duty will amount to $ 6.8 per ton of Urals, or approximately $ 0.93 per barrel.

In April, the duty is $ 52 per ton or $ 7.12 per barrel. Thus, next month its rate will be reduced by 87%. At the same time, the rate of duty on exported high-viscosity oil will decrease from $ 5.2 to $ 1 per ton ($ 0.137 per barrel), while the preferential rate of duty on oil for a number of fields in Eastern Siberia, the Caspian fields and the Prirazlomnoye field will remain zero.