Revenues from oil sales in the Russian Federation fell by a third: two reasons have been named - Bloomberg

The reduction of revenues from these industries, which account for about a third of the Russian budget, will increase the pressure on public finances, which are already burdened with the huge costs of hostilities in Ukraine. At the same time, last month, oil sales revenues increased by almost 71%. The growth is due to the fact that one of the main Russian oil taxes - fee - pay four times a year: in March, April, July and October.

The Ministry has calculated Russia's income from oil sale in July, based on the average price of Urals oil at $ 59. 84 per barrel in June. Although this is the first monthly increase in the price of a key export mixture of the country in five months (world oil prices then increased sharply due to fighting in the Middle East), the brand brands traded 14% cheaper than a year ago. The second point is the strengthening of the ruble. In June, the Russian National Town to the dollar averaged 78.

7183 rubles, which is a maximum in two years. As a result, oil production countries received 4711 rubles (about 58) for each sold barrel compared to 6127 rubles ($ 76). The Russian oil industry remains a key target for Western sanctions designed to limit the influx of oil dollar to the National Treasury.

The European Union will reduce the set marginal price for Russian oil and prohibit the import of Russian oil oil products, while US President Donald Trump has threatened to impose penalties for Russian energy consumers. This is done in order to force Putin to sit at the negotiation table and stop a bloody war in Ukraine. Meanwhile, the Kremlin has already responded to the threats of Donald Trump India to impose duties, unless he stopped buying Russian oil.

In Moscow, such statements were called illegal trade pressure on the partners of the Russian Federation. For its part, India decided to knock out new oil discounts in Russia. On August 5, the adviser to India for National Security Adjit Advit. It is expected that he will be clarity in the question of how New Deli plans to manage the supply of crude oil from the Russian Federation on the background of the signs that Moscow can even reduce prices for India.