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Russia’s oil and gas revenues are falling rapidly

In April, Russia’s revenues from the sale of energy resources dropped by 133 billion from the plan, and in May the decline should accelerate.

Russia’s oil and gas revenues were 133 billion rubles lower than expected in April, Meduza wrote, citing the Russian Finance Ministry.

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According to the results of the month, the agency expects to receive additional revenues in oil and gas in the amount of 798.4 billion rubles, but revenues reached 665 billion rubles.

“The expected volume of additional oil and gas revenue of the federal budget, associated with the excess of the actual oil price at the base level, is projected in May 2022 in the amount of 414 billion rubles,” the message said.

At the same time, in March, the Russian Federation received less than 300 billion rubles of oil and gas revenues.

Meanwhile, debate continues in the European Union over the imposition of Russia’s oil embargo. The member countries of the union have not yet reached an agreement on this issue.

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Source: korrespondent

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