Russian firms report revenues eight times nation’s GDP ...News

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Russian firms report revenues eight times nation’s GDP
Energy returns and sharp fluctuations in the ruble have bolstered corporate profits Revenues of Russian businesses almost doubled in 2022, and topped a quadrillion rubles (one followed by 15 zeroes) for the first time ever, business news website RBK reported on Tuesday, citing data from the Federal Tax Service. Russian companies declared revenues of 1,268 trillion rubles (over $15 trillion), nearly double the amount recorded in 2021. The dramatic increase is attributed mainly to the growth of export earnings, mainly in the oil and gas sector. The surge was also down to a recovery in consumer demand for goods and s

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