The April RF Proceeds from the sale of oil and gas are doubled despite sanctions - Reuters

According to the agency, the Russian budget deficit has decreased to 607 billion rubles for the first three months of the current year, which is 0. 3% of GDP, mainly due to the increase in revenues from energy sales. Russia's revenue from oil and gas will increase in April almost twice compared to last year and will reach $ 14 billion. Reuters writes about it, citing its own calculations.

"The war in Ukraine forced the West to impose numerous sanctions aimed at limiting Russian oil and gas income, which is about a third of the country's federal budget," the newspaper said. Western sanctions include restrictions on the purchase of Russian oil, financial transactions and vessels, as well as setting a maximum price for oil at $ 60 per barrel.

Despite this, the projected increase in oil and gas income in April exceeds the expected increase in the entire 2024 year, making more than 30%. According to the newspaper, the expected revenue of Russia from the sale of oil and gas in April will be 1. 292 trillion rubles ($ 14 billion), which is significantly higher than an indicator of 648 billion rubles for April 2023 and just below 1. 308 trillion rubles over the past month.

Journalists point out that oil and gas revenues play a key role in the Russian economy based on raw materials and in financing a military operation in Ukraine. The Russian budget deficit has decreased to 607 billion rubles in the first three months of this year, which is 0. 3% of the gross domestic product (GDP), mainly due to the increase in revenues from energy sales. "In total, for 2024, the government has laid 11.

5 trillion rubles from oil and gas, which is 30% more than 2023, and compensates for a 24% decrease in that year due to a decrease in oil and gas export He suffered from sanctions, "the publication sums up. Recall that at the end of February it became known that the largest manufacturer of the Russian Federation remained without earnings because of sanctions. According to journalists, in 2023, the profit of the largest diamond company in the world of "Alros" decreased to $ 925 million.