In State Duma it was proposed to ban oil export

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A State Duma MP from the party “Spravedlivaya Rossiya” (“Fair Russia” – RRT) Oleg Pakholkov suggested to ban selling oil abroad for 5 years. Such a statement was sent to the Minister of Economic Development Alexei Ulyukayev, reports PRIME with a reference to the text of the inquiry.

“Today we need the courage to declare the abolition of priority of oil sale to the world markets. We need to start turning inward of our economy, and its development. Russia has repeatedly proved that it can rise from the ashes,”– said the MP, noting that the country needs reforms oriented on the domestic economy. “We have our own reserves for it,” – said the parliamentarian.

In his request he appeals that such measures can not be implemented “sharply”, because Russia has obligations to partners. According to Paholkov, exports should reduce by 20% a year.

“In psychology there is the concept of a “death zone”, meaning a complete change in the behaviour stereotype. Sometimes, this change might be accompanied by seemingly inappropriate acts. But at the end people change their lives radically, come out of their comfort zone, and can achieve incredible success,” – concluded the MP.

In 2015, Russia set a record in oil production, making an average of 10.726 million barrels of oil and gas condensate per day. Russian oil exports to non-ex-USSR countries amounted to 220.267 million tonnes in 2015 (4.423 million barrels a day), which is 10.6% higher than in 2014.

Source: RBC