URGENT: Russia may cut export duty on oil from new East Siberia fields

KIRISHI (Leningrad Region), February 12 (RIA Novosti) - Russian Prime Minister Vladimir Putin on Thursday supported a proposal to temporarily cut the export duty on oil extracted from newly developed oil deposits in East Siberia.

"Considering that new fields in East Siberia are being commissioned now, it is proposed to consider temporarily cutting export duties on oil produced there," Putin told a meeting on the development of the domestic oil sector.