Revenues totaled nearly 23.029 trillion rubles and expenses totaled around 23.36 trillion rubles in 8M 2024. The non-oil and gas deficit totaled 7.887 trillion rubles. Oil and gas revenues totaled 7.555 trillion rubles and non-oil and gas revenues totaled 15.474 trillion rubles in January-August. ...
One of the world's largest oil and gas producers, Russia continues to rely on oil and gas export revenues to fund its budget and war machine. India and China are among the countries still buying Russian oil and gas while Western countries look to reduce their imports of Russian commodities....
Traditionally, revenues from sales of crude oil, petroleum products, and natural gas have accounted for about a half of Russia’s federal budget. But also other sectors bring less money to the Russian treasury. The so-called none-petroluem revenues shrunk by nine percent year-on-year, much o...
And Russia’s conservative figures are even more bleak, at $419.4 for 2023, $290.7 in 2024, $272.3 in 2025, and $260.2 in 2026. Approximately one-third of Russia’s budget revenues come from the sale of oil and natural gas. While forecasting a lower price for its natu...
US authorities seem very intent on decreasing Russia’s oil and gas revenues.[liii] The US government appears especially determined to curtail projects that would sustain Russia’s energy export capacity into the future, such as new LNG projects. A case in point is sanctions against Arctic LNG ...
revenues accruing from such cash balances from 15 February 2024 shall be registered separately in financial accounts; net profits determined in respect of revenues referred to in the point above may not be disposed of by way of to the benefit of shareholders or any third party until the Council...
21 November 2024 OFSI Guidance: Oil Price Cap (OPC) Advisory OFSI has issued an advisory regarding evasion linked to product origin manipulation through fabricated and falsified certificates of origin. OFSI has identified instances where shipments of Russian origin oil and oil products have been ...
The Global Oil & Gas Systems' Economics & Geopolitics - USA, OPEC, Russia, EU, China, Venezuela
Still, Russia's economy is expected to grow steadily by 2.6% in 2024 after having "stronger-than-expected" growth in 2023, the International Monetary Fund said in a January report. The West's effort to cap Russia's oil revenues since the start of the war hasn't starved the Kremlin's...
Business has put pressure on the government to reduce value added taxes (VAT) on oil and gas, but the government has postponed this discussion. Tax enforcement of disputes, particularly following the Yukos case, continues to be uneven and unpredictable. A major focus of increased government ...