Statistics suggest Moscow's state oil and gas revenue are set to increase by 39% annually this month on rising oil prices

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…

Crude oil futures have jumped over 40% since the Iran war started. The US has also temporarily eased some sanctions pressure on Russian oil.

Statistics suggest Moscow's state oil and gas revenue are set to increase by 39% annually this month on rising oil prices