OREANDA-NEWS  In 2023, the Ministry of Finance will continue to use the existing Urals oil quotation when calculating export duties and taxes on the extraction of raw materials, but will consider switching to other quotations, the ministry said.

"The Ministry of Finance, together with the Ministry of Energy, the Mayor and oil companies, will discuss the feasibility of switching to using other quotes in the first quarter of next year," the press service of the ministry noted.

The Ministry stressed that its priority in future work is the safety and stability of tax and customs revenues.

Argus International pricing agency launched a new system for estimating the value of Russian Urals export oil on the fob basis in Russian ports in October, follows from the agency's report, which RIA Novosti previously reviewed. The former one in Europe has become irrelevant in light of the upcoming entry into force of the EU embargo on December 5.