Every dollar of reducing oil prices costs the Russian Federation budget about 160 billion rubles of income per year.
In Russia, it was significantly reduced by expected oil expectations in 2025. It was announced by the Interfax that references to the data of the Ministry of Economic Development of the Russian Federation on Monday, April 21.
Thus, the average annual price of Urals brand oil this year has been reduced to $ 56 per barrel. The state budget is a price of $ 69.7 per barrel.
As Moscow’s hours have been defined, this is the lowest price since 2020, when, due to pandemya, oil demand has fallen, and the average annual price of the Urals is $ 41.7 per barrel. Prior to this, Russia’s oil costs less in 2015-2016 ($ 51.2 and $ 41.9, respectively).
The new forecast is below not only the prices laid out on the budget, but also a large amount of $ 60/barrel removal, based on which costs are planned.
Oil and gas revenues, above the cut -off price, were sent to the National Welfare Fund (FNB). And if the actual cost of oil is below $ 60, products that are not enough are extracted from FNB. Until April 1, 3.27 trillion rubles of liquid properties remained here.
As you know, the oil becomes cheaper due to the US trade warfare. Against this background, the cost of Brent dropped below $ 60, and the Urals fell below $ 50. In the first quarter, Russian Federation’s oil and gas revenues were 10% less than last year, including March – by 17%.
Russian experts calculate that every dollar at which the oil price is reduced to about 160 billion rubles of revenue each year.
Earlier, the Kremlin commented on falling prices in the oil market. They believe that the situation in the world markets is “tense and extremely emotional.”
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Source: korrespondent
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