The Ministry of Finance of the Russian Federation reported that the oil and gas revenues of the country’s budget in the first four months of 2023 were 52% lower than in the same period of 2022 and amounted to 2.282 trillion rubles. data published on Web site The Ministry of Finance.
“Monthly dynamics of oil and gas revenues are gradually entering a stable trajectory corresponding to baseline levels (8 trillion rubles per year),” the ministry said.
The decline in revenues is associated with a high comparison base last year, as well as a decline in Ural oil quotes and a decline in natural gas exports.
Former Ministry of Energy reported On the reduction of discounts on Russian oil.
G7 countries (UK, Germany, Italy, Canada, France, Japan and USA) and Australia from 5 December 2022 acceptance imposing a cap on the prices of Russian oil supplied by sea at US$ 60 per barrel. The same measure has been approved by the European Commission.
February 5 EU introduced It placed an embargo on the supply of petroleum products (gasoline, diesel, kerosene, naphtha and fuel oil) from Russia and, together with the G7, set a ceiling price for petroleum products from Russia.