The Ministry of Finance of Russia stated that the price of Urals oil in January 2023 was $49.48 per barrel. This is reported in the Telegram-channel of the Ministry of Finance.

“The average price of Urals oil in January 2023 has developed in the amount of $49.48 per barrel,” – stated in the message.

It is noted that this is 1.7 times less than in January last year, when the average price was at $85.64 per barrel.

On January 26, Bloomberg agency, referring to tanker tracking data, reported that after the introduction of price caps on Russian oil by Western countries, the transshipment of Urals crude at sea reached record levels. By the end of the first month of 2023, this figure may reach 14 million barrels.