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Russian energy revenue down 46% in 12 months despite February jump

Por: New York Post Business March 03, 2023

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Russian oil and gas revenues, the , rose 22.5% in February, but were still down 46.4% from February 2022, Finance Ministry data showed on Friday. Tax and customs revenue from oil and gas sales had fallen in January to its lowest level since August 2020. Moscow relies on energy revenue — last year around 11.6 trillion rubles ($154 billion) — to fund government spending, and has been forced to sell foreign reserves to cover a deficit... + full article



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