International Energy Agency: Introduction of flexible export duty will help to constrain the prices for consumers

Flexible export duties which the government enters with a binding to a ruble exchange rate, are similar to the measure entered earlier in constantly operating damping mechanisms on grain and sunflower oil, the director tells Department development and regulations of foreign economic activity ministry economic development of the Russian Federation Lilia Shchur-Trukhanovich. It reminded that these mechanisms were started when the high world prices put pressure upon domestic market and were one of pro-inflationary factors. "The flexible rate of duty then helped to smooth this influence at preservation of profitability of export. And now, in connection with...