Russia

Russia to Receive $88.5Bln in Revenues From Sale of Gas, Oil in 2023 - Finance Minister

MOSCOW, (Sputnik) - The Russian Finance Ministry expects to receive the planned 8 trillion rubles ($88.49 billion) in oil and gas revenues in 2023 taking into account current oil prices, Finance Minister Anton Siluanov said on Tuesday.
Sputnik
"Now we see that it is possible to reach 8 trillion rubles in revenue," Siluanov said in an interview with Russian newspaper, adding that the current price of Russian oil is $60 per barrel.
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He recalled that the Finance Ministry predicted the total volume of Russia’s oil and gas revenues at the level of 8.9 trillion rubles this year. Out of this sum, 8 trillion rubles will be spent to cover expenses, while the remaining 900 billion rubles are expected to be transferred to the Russian National Wealth Fund.
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