Russia’s Oil and Gas Revenues Forecast to Rise 10% Year-on-Year in October to $12Bln
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Despite an expected 10 per cent increase in oil and gas taxes in October, total Russian oil and gas revenues in the first 10 months may decline by 14 per cent in annual terms.
Russia’s Oil and Gas Revenues Set to Rise 10% to $12 Billion in October
Russian federal budget revenue from oil and gas taxes is expected to rise by 10% in October, reaching 1 trillion roubles ($11.97 billion). This revenue significantly supports the government’s finances, especially for its military efforts in Ukraine. October’s revenue will see a substantial increase from September, mainly due to quarterly payments of a profit-based tax […]
Russia’s Oil and Gas Revenues Forecast to Rise 10% Year-on-Year in October to $12Bln
Russian federal budget revenue from oil and gas taxes, which account for about a fifth of total government income, is expected to increase by 10% year-on-year in October to reach 1 trillion rubles ($11.97 billion), according to a Reuters calculation.
Russia expects a trillion rubles in oil and gas revenues in October. The country's federal budget will see a 10% year-on-year increase in these revenues. That would be about a fifth of total state revenue, which will help fund the war in...
Russia's revenues from oil and gas taxes would increase at an annual rate of 10% this month to 1,000 billion rubles ($11.97 billion), according to Reuters calculations.
Reuters' calculations are based on data on oil and gas production, refining volume and supplies in domestic and international markets.
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