The average price of the main Russian export brand of oil Urals in January 2023 was $49.48 per barrel, which is 1.7 times lower than in January 2022.
Prices for Russian oil almost halved throughout the year: the average price of the main Russian export oil brand Urals in January 2023 was $49.48 per barrel, which is 1.7 times lower than in January 2022 (a barrel is worth $85.64). This is stated in the Ministry of Finance of the Russian Federation.
As noted by the Russian publication Kommersant, Russia’s federal budget for 2023 was drawn up based on the average annual price of Urals oil at $70.10 per barrel.
It was previously reported that the Russian Federation is losing a lot due to the oil price ceiling.
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Source: korrespondent
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