Reuters: Russias Energy Revenues Down 17 Despite Sharp Oil Price Surge

Korrespondent.net

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The fall in production, the attacks on the oil infrastructure and the strengthening of the ruble have offset the effect of rising prices for Russian oil.

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Russia's energy revenues have fallen 17% this year, despite the fact that the price of crude oil has reached record highs in the past… Russia's oil revenues are falling, despite rising prices - NAVAL TRADE

Hospodárske Noviny

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Russia's tax revenue from oil and gas production for the nine months of this year fell 17 percent year-on-year to 5.47 trillion rubles (52.1 billion euros), although oil prices rose to their highest level in more than a decade. According to Reuters, this is according to data released today by the Russian Ministry of Finance. Energy revenues are reducing the impact of the war in Ukraine on mining and exports, but also a stronger ruble exchange ra…