the finance ministry says.December oil and gas revenue was Rbs650.5bn,32pc lower on the month.Proceeds from gas mineral extraction tax and export duties almost halved on the year to Rbs1.78 trillion in 2023,the ministry's data show,following the collapse of pipeline exports to Europe in 2022...
The Financial Times newspaper said Russia's oil and gas exports earned the nation $117 billion during the first eight months of 2022, which was around a third of the nation's total budget for the year. The G7 said, following two days of talks in Germany, it still has some details to ...
Oil and natural gas companies are a crucial part of Russia's economy and vital to its energy sector. The country has some of the largest multinational oil and gas companies in the world because it also has some of the largest known reserves. Russia had 80 billion barrels of proved reserves...
Russia's crude oil and gas production and exports are estimated to have fallen last year under Moscow's Opec-plus supply cutcommitments - and as the West intensifi ed pressure against the oil and gas sector in response to Moscow's invasion of Ukraine. Russia stopped publishing offi cial prod...
According to a report released by the International Energy Agency recently, Russian oil revenue soared by 50 percent from a year ago. At the same time, sanctions have taken a toll on the EU economy, with price hikes undermining economic growth in the bloc. ...
making a great effort to causeeconomy to come to life on revenue(收入) from oil and natural gas.Putin recently supported vice-PM DmitryMedvedev's presidential bid , and said he would accept Medvedev's offer to serve as primeminister if Medvedev is elected on March 2.T he Kremlin said Wedn...
“The ruble is the world’s best-performing currency this year,” Bloomberg said. The US “Business Insider” website reported on June 2 that Russia’s revenue from oil and gas exports this year may reach 285 billion US dollars, or 800 million US dollars a day from oil and gas, which...
the U.S. is taking aim at the heart of the Russian economy: its energy sector. President Biden on Tuesday announced aU.S. ban on Russian oil and gas importsover the country'sinvasion of Ukraine, a direct hit on Russian President Vladimir Putin's main revenue source as Russian forces cont...
President Joe Biden has banned imports of Russian oil and gas into the US as Washington steps up economic sanctions on Moscow over the invasion of Ukraine in an attempt to deprive it of revenue. The move was matched by a UK phase-out of Russian oil imports, but the EU did not follow ...
Siluanov said on state television that “Russia is lessening its dependency on oil and gas revenue”, which the budget projects to shrink from Rbs11.3tn this year to Rbs9.8tn by 2027. “This is good,” he said, adding that the break-even oil price for Russia was set at $60 per barre...