Russia’s oil and gas revenue is declining

Saturday 04 March 2023

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Russia’s oil and gas revenue is declining.

Income from oil and gas is the main source of Russia’s government finances. For a long time, these revenues created a significant bubble, but now according to calculations by Bloomberg, it seems that this trend has come to an end.

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Russia’s oil and gas revenue is declining.Persian

Russian government finances are apparently under increasing pressure. According to calculations by Bloomberg, Russia’s government income from oil and gas sales has recently almost halved.

Although exports are carried out by companies, the Russian government benefits from this through taxes imposed on raw material exports.

According to Bloomberg’s report, these taxes have decreased by 46% in February compared to the same month last year.

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Russia’s oil and gas revenue is declining.

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