• Russia's Budget Is Getting Twice as Much Oil Money as a Year Ago

    From Leroy N. Soetoro@21:1/5 to All on Tue Jun 18 21:59:51 2024
    XPost: alt.current-events.russia, alt.fan.rush-limbaugh, talk.politics.guns XPost: sac.politics, alt.politics.economics

    https://www.bloomberg.com/news/articles/2024-05-06/russia-s-budget-is- getting-twice-as-much-oil-money-as-a-year-ago

    Weaker ruble, higher Urals price contribute to revenue surge
    Price caps on Russian oil hard to enforce: western insurers

    Russia’s oil revenue more than doubled in April from a year earlier,
    despite international sanctions intended to limit the flow of money to
    fuel President Vladimir Putin’s war in Ukraine.

    Proceeds for the Russian budget from oil-related taxes jumped to 1.053
    trillion rubles ($11.5 billion) last month compared to nearly 497 billion rubles in April 2023, according to Bloomberg calculations based on Finance Ministry data. Total oil and gas revenues in April increased nearly 90% year-on-year, to 1.23 trillion rubles, according to the data.


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