The surge is linked to higher prices for Urals crude, the outlet has said Russia’s revenues from oil exports surged by almost 50% last month compared to a year ago as prices for the country’s flagship Urals grade soared and producers adapted to Western sanctions, Bloomberg reported on Wednesday. Moscow’s income from crude sales rose with oil-related taxes climbing to 590.6 billion rubles ($6.7 billion) last month compared to 402.8 billion rubles ($4.5 billion) in June 2023, according to Bloomberg calculations based on Russian Finance Ministry data. Total oil and gas profits grew by 41% to 746.6 billion rubles ($8.
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