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to Reuters' calculations, Russia's budget revenues from the mineral extraction tax could increase almost twofold in March. The tax will bring in about 590 billion rubles if current oil prices are maintained - almost double the 300 billion in Febr...
...uary and 314 billion in January. The mineral extraction tax (MET) is the largest tax in #Russia, the agency notes. Oil prices have risen due to the war in the Middle East: futures for Brent have risen to $100. After the start of the war, the price of #Russian oil for taxation has significantly exceeded the budget target for the first time since January 2025.