Russian Ministry of Finance announced launch of the first phase of the “directive guillotine” for state-owned companies.
The Ministry of Finance noted that in connection with the achievement of the set targets, the outdated directives will be removed from control.
According to the agency’s statement, the second phase of the “guideline guillotine” will affect the guidelines in 2019-2022 and will be held by the end of 2023.
Previously, according to preliminary data, the Russian treasury, will take less Oil and gas revenues in March 2023 of 132.1 billion rubles. The press service of the Ministry of Finance of Russia published this information on the Telegram channel.
As stated in the department, the total amount of money allocated for the sale of foreign currency is 119.8 billion rubles. The operations will take place from March 7, 2023 to April 6, 2023. The Ministry of Finance will sell foreign currency for 5.4 billion rubles every day.
The press service of the International Energy Agency reported this week that in January 2023, Russia’s revenue from oil and gas sales decreased by 38%.