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Russia targets additional revenue of 403 billion rubles from oil and gas exports in September

The Russian Ministry of Finance is targeting an additional budget revenue of 403 billion rubles (approximately 6.7 billion dollars) in September from oil and natural gas exports, thanks to rising energy prices.

Russia targets additional revenue of 403 billion rubles from oil and gas exports in September

In a written statement made by the Ministry of Finance of Russia, it was noted that oil prices were above the projected level.

In the statement, it was stated that thanks to high oil prices, the budget is expected to receive an additional revenue of 403 billion rubles from oil and natural gas exports in September.

In the statement, which included the information that various budget rules were temporarily frozen due to the sanctions, it was pointed out that for this reason, additional revenues would not be used in the purchase of foreign currency or gold.


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