Petroleum complex is Russia's basic economic sector which is playing a leading role in providing the state budget … revenues. This paper is dedicated to the main issues of the government petroleum tax policy in Russia. The author analyses the …

gas, as well as objective fall in the oil and gas extraction in Russia, cuts in their production on the old existing oil …

In 2013, oil production in Russia reached its highest level since 1990 while exports of crude oil and refined products … concerning tax incentives for the development of new oil and gas fields and hard to recover reserves, liberalization of export of …

through voluntary oil-export restrictions is, however, more likely under a lower cap since such retaliation hurts Russia less … export reduction. In the long run, a cap of 50-60 USD/barrel maximizes oil importer’s benefits. However, every additional … and oil importers more when the price cap is low. For a cap at 60 USD/barrel, the credibility of export …