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The Revenues of Russian Budget from Oil Exports Grew Up
May 10, 2018 14:37


The revenues of Russian budget from oil exports in January-March of this year grew by 21 percent in annual terms and amounted to 28.2 billion US dollars, according to the materials of the Federal Customs Service (FCS). At the same time, the volume of foreign oil supplies decreased by 1.5 percent to 61.6 million tons.

Moreover, the export of petroleum products decreased by 1.6 percent to 40.6 million tons.

In May, the Finance Ministry plans to purchase foreign currency for more than 320 billion rubles. This volume will become a record for the entire history of foreign exchange purchases by the Ministry of Finance.

In April, oil and gas analysts polled by CNBC, said that oil prices would rise soon to $ 100 per barrel against the heightened tensions in the Middle East. Since this February, world oil prices have been growing. On May 7, the futures for Brent raw materials rose to $ 76 per barrel for the first time since the end of November 2016.


Author: Anna Dorozhkina

Tags: Russian oil and gas industry     

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