Russia's state budget assumes an average Urals price for
2023 of $70.1 per barrel.
(Reporting by Darya Korsunskaya; writing by Vladimir Soldatkin;
Editing by Kevin Liffey)
MOSCOW, May 2 (Reuters) - Russia's Finance Ministry on
Tuesday said the price of Russia's flagship Urals crude oil
blend in April was $58.63 per barrel, up from $47.85 in March.
It was still down on the price of $70.52 per barrel in April
2022, and also below the price cap of $60 per barrel imposed in
December by the European Union, Group of Seven countries and
Australia in order to curb Russia's ability to finance the
conflict in Ukraine.
The ministry also said that the average price of Urals was
$51.05 in January-April, down from $84.68 in the same period
last year.
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