<div style="text-align: justify; "><b style="font-size: 1rem;">Russian President Vladimir Putin has ordered clarifying the methodology for determining prices for oil and petroleum products in taxation of oil companies by March 1.</b><br></div><div style="text-align: justify;"><br></div><div style="text-align: justify;">&nbsp;According to the instruction published on the Kremlin's website on Friday, it is necessary for reducing the influence of sanctions on the country's budget.</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">"To present proposals on clarifying the methodology for determining prices for oil and petroleum products used for taxation of entities operating in the oil sector for minimizing the negative influence on federal budget revenues considering the peculiarities of the formation of indicative oil prices amid sanctions restrictions," one of the items on the list of requests reads.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The president expects the government to report on the issue by March 1.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The instruction was given following a meeting with the cabinet on January 11. TASS</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">bnbd24/kh</div>