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Due to Western sanctions on Russia, the revenues of the aggressor country from e...

Discount. Russia's income from oil and gas fell to a minimum in 14 months - Bloomberg

Due to Western sanctions on Russia, the revenues of the aggressor country from energy exports have fallen to a minimum in 14 months, looking at the increase in oil and gas prices. In August this year, the revenues of the Russian Federation from energy exports fell to the lowest level for more than a year. Bloomberg writes about it. It is noted that the fall occurred through Western sanctions that forced Russia to sell oil to Asia with high discounts and reduce gas flows to Europe.

Video day, in August, Russia and gas supply has fallen to 671. 9 billion rubles or $ 11. 1 billion. According to the Ministry of Finance of Russia, this is the lowest level since June 2021. Compared to July, August profits decreased by 13%. In August this year, Russia was profitable from energy resources by 3. 4% less than a year ago. It happened, despite the fact that the prices for the Urals brand increased by almost 10%.

According to the agency, the reduction of Russia's revenues from energy resources that make up a third of the national budget related to the refusal of European buyers to buy Russian oil. At the same time, the revenues of gas exports, the price of which has increased in Europe this summer, could not fully compensate for the fall in income from oil. After the commencement of a full -scale invasion of the Russian Federation in Ukraine, China and India purchased Russian oil for $ 24 billion.