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Article: Eurasia Economic Report.
- Article from:
- Eurasia Economic Report
- Article date:
- September 8, 2003
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NEWS IN BRIEF
* The government's foreign trade protection commission has approved plans to raise the export duty on crude oil from $25.1 to $33.8 a tonne from October 1. The export duty on oil products will be 90% of the duty on crude, or $30.4 a tonne, compared with $22.6 at present. Russian Urals crude averaged at $27.8 a barrel or $203.2 a tonne in July-August.
* The Central Bank of Russia's gold and foreign currency reserves dropped by $1.7 billion, or 2.64%, in August, to $62.752 billion on September 1, the Central Bank reported on its website. The reserves increased by $14.959 billion, or 31.3%, in the first eight months of the year, from $47.793 ...