Russia’s state oil and gas revenues are expected to increase by 39% year-on-year to RUB 700 billion (US$9.8 billion) in May, driven by higher global oil prices following the war in Iran.
Roubles. Photo: Getty Images
Russia's state oil and gas revenues are expected to increase by 39% year-on-year to RUB 700 billion (US$9.8 billion) in May, driven by higher global oil prices caused by the war in Iran.
Source: Reuters calculations
Details: Meanwhile, revenues are expected to decline by around 17% compared with April due to cyclical profit tax payments.
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