Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Russia Increased Its Oil Export Revenues By 35 Percent
September 13, 2017 17:26


Russia has increased its oil export revenues by 35 percent in annual terms, up to 53.14 billion dollars, in January-July 2017. This is evidenced by the data of the Federal Customs Service (FCS).

The deliveries of raw materials abroad have increased by 0.4 percent, up to 149.05 million tons, during this period, according to the calculations of FCS. The exports to non-CIS countries have increased by 2 percent, up to 138.3 million tons.

The volume of deliveries increased by 37 percent in monetary terms, up to 50.23 billion dollars. The deliveries to the CIS countries amounted to 10.8 million tons (minus 18 percent) for the amount of $ 2.9 billion.

On September 5 the Ministry of Finance of Russia announced that it would buy the currency on the domestic market for the amount of 71.7 billion roubles in the period from September 7 to October 5. This is one and a half times more than a month earlier. In January it was decided that additional revenues generated from the excess oil price set in the budget would not be spent on additional expenditures. These amounts will be used to reduce the expenses of the Reserve Fund which are planned for covering the budget deficit. Correspondingly, this will allow keeping the money in the Reserve Fund.


Author: Anna Dorozhkina

Tags: Russian oil and gas industry     

Next Previous

You might also find interesting:

"Moscow Summer, Flower Jam" Festival EU Makes Serbia Join Sanctions The Most Generous Russian Companies OPEC Exceeds Its Plan In Reducing Oil Production Chinese Company Plans to Produce Tea In Russia

Comment on our site

RSS   twitter      submit

Urals  Republic of Bashkortostan  Tula Region  education in Russia  Vladimir Zhirinovsky  Russian scientists  Russian religion  Moscow  Russian economy  St. Petersburg  Moscow Biennale of Contemporary Art  Sochi Winter Olympics  Nikolai Karachentsov   Mammoth  Nefteyugansk  Russian Cinema  Velikiye Luki  Russian Orthodox Church  public transportation  Russian tourism  The Book of Records of Russia  Russian natural reserves  Russian science  Golden Ring  Veliky Novgorod  Russian festivals  New Year  Russian rouble  Football  Tragedy  Yury Milner  Stavropol Territory  FIFA Russia 2018  Kaluga  Theophan the Recluse  Mercedes-Benz Fashion Week Russia  propaganda  Murmansk Airport  St.Petersburg Museums  Civic Platform  Gazprom  Bratsk  Exhibitions in Moscow  Arnold Schwarzenegger  Russian television  Autonomous Video Surveillance System  Shows in Moscow  Boris Grigoriev  Musicals in Moscow  Russian business 

Travel Blogs
Top Traveling Sites