Russia’s oil revenues expected to soar ...News

Russia Today - Economy
Russia’s oil revenues expected to soar
source : Russia Today ( News ) () 24
The state budget will get 45% more in taxes than last year Russia will see its income from the oil sector rise sharply this year and reach more than $180 billion, despite production cuts related to international sanctions, suggests a report published by independent research house Rystad Energy on Monday. Thanks to the rising oil prices, Russia’s tax revenues will be 45% higher than last year and a whopping 181% higher than in 2020, Rystad Energy says. “Europe’s dependence on Russian energy has been a deliberate and decades-long and mutually beneficial relationship. In this early phase of sanctions and embargoes, R

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