Russian oil revenues rise 50% – Bloomberg  ...News

Russia Today - Economy
Russian oil revenues rise 50% – Bloomberg 
source : Russia Today ( News ) () 130
The surge has been attributed to increased prices for Urals crude, the outlet has said Russia’s oil revenues surged by almost 50% last month compared to a year ago, as crude prices soared and the country continued to adapt to Western sanctions, Bloomberg reported on Thursday. Moscow’s income from crude sales rose despite international pressure and forecasts of a deficit. Oil-related taxes climbed to 632.5 billion rubles ($7.1 billion) in May, according to Bloomberg calculations based on Russian Finance Ministry data.  Total oil and gas profits grew by 39% to 793.7 billion rubles ($8.9 billion), following progress

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