Russia’s oil and gas revenue soars ...News

Russia Today - Economy
Russia’s oil and gas revenue soars
source : Russia Today ( News ) () 54
Rising prices have boosted Moscow’s revenue from energy exports, the Finance Ministry said Russia’s energy revenue saw a massive increase in the first four months of the year, mainly due to rising oil prices, the Finance Ministry has revealed. Proceeds from oil and gas exports jumped by 82.2% in January-April, compared to the same period of 2023, reaching over 4.2 trillion rubles ($45.3 billion), the ministry said in a press release. In January, one barrel of Russia’s flagship Urals blend of crude cost an average of $60 per barrel, but prices then gained steadily, reaching $84 in April. In May, Russian crude trade

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