February 5, 2025
Russian budget revenues from oil sales in January fell to the annual minimum thumbnail
Economy

Russian budget revenues from oil sales in January fell to the annual minimum

In January, the revenues from the sale of oil to the State Budget of Russia were close to the annual minimum due to the cheaper oil and higher payments to state oil refineries. Bloomberg writes about it with reference to the Ministry of Finance. Oil taxes increased to $ 572.6 billion ($ 5.8 billion) compared to $ 501.2 billion a year earlier. The total income from the oil and gas industry of Russia amounted to 789.1 billion rubles ($ 8.05 billion), of which about 73% received from oil and petroleum products, compared to 675.1 billion rubles ($ 6.89 billion). These figures do not yet reflect the influence of broad sanctions of the United States, imposed against the Russian oil industry last month, since the Ministry of Finance calculated cash flows from oil sales on the basis of December production and oil prices. Advertising: last month the Russian government paid 156 billion rubles (1.59 billion dollars), which is a five -month maximum, gasoline and diesel producers for fuel supply to the domestic market. January revenues from Russia’s gas industry alone have increased by almost a quarter compared to last year to more than more than 216 billion rubles ($ 2.20 billion) due to increased exports by pipelines and increasing demand in the domestic market. Recall: Advertising: in mid -January, Russian oil exports have fallen from November after former US President Joe Biden imposed wide sanctions for oil trading in the country, and the first signs that these measures were changing streams appeared.”, – WRITE: epravda.com.ua

In January, the revenues from the sale of oil to the State Budget of Russia were close to the annual minimum due to the cheaper oil and higher payments to state oil refineries. Bloomberg writes about it with reference to the Ministry of Finance. Oil taxes increased to $ 572.6 billion ($ 5.8 billion) compared to $ 501.2 billion a year earlier. The total income from the oil and gas industry of Russia amounted to 789.1 billion rubles ($ 8.05 billion), of which about 73% received from oil and petroleum products, compared to 675.1 billion rubles ($ 6.89 billion). These figures do not yet reflect the influence of broad sanctions of the United States, imposed against the Russian oil industry last month, since the Ministry of Finance calculated cash flows from oil sales on the basis of December production and oil prices. Advertising: last month the Russian government paid 156 billion rubles (1.59 billion dollars), which is a five -month maximum, gasoline and diesel producers for fuel supply to the domestic market. January revenues from Russia’s gas industry alone have increased by almost a quarter compared to last year to more than more than 216 billion rubles ($ 2.20 billion) due to increased exports by pipelines and increasing demand in the domestic market. Recall: Advertising: in mid -January, Russian oil exports have fallen from November after former US President Joe Biden imposed wide sanctions for oil trading in the country, and the first signs that these measures were changing streams appeared.

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