Russia’s revenue from sea exports in August was reduced by 10% compared to last month and by 9% in annual terms.
In August, the Russian economy had the smallest income from exporting raw materials abroad to all three years of great war in Ukraine. It follows from Finnish Analytical Center Crea data.
Usually, in exporting oil, gas, oil and coal products, Russia gains 564 million euros per day – 2% less than July, and 11% less than August last year.
Compared to the peak values of 2022, when exporting fossil fuel brought to the country 1 billion euros day -day and beyond, the flows of raw materials fell in half, and compared to 2024 levels, by almost a -quarter.
In August, revenues from sea export in August decreased by 10% on monthly terms and by 9% in the annual – up to 170 million euros per day. Revenue from exports of pipeline oil fell 20% of the year – up to 62 million euros per day.
The largest consumer of Russia’s energy sources remains China: it costs 40% of all purchases, or 5.7 billion euros.
The second place is occupied by India (3.6 billion euros), and the third is Türkiye with a part of 21% (3 billion euros).
The reduction of export revenue has reached the largest oil company that encounters a fall in income 2-3 times, as well as the federal budget, where each fourth ruble of income is in tax and gas tax.
Earlier, Vladimir Zelensky said Donald Trump in a conversation expressed unpleasantness in taking Russia’s oil of Hungary and Slovakia, as it helps to supply Kremlin’s military engine.
Trump is asking for Europe to stop buying Russian oil
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.