Monthly tax and customs revenue from energy sales declined 46% in a year - reflecting the fact that, while the price of the global benchmark Brent blend was little changed, the average monthly price of Russia's Urals blend was down 42%, according to the ministry.
Moscow relies on income from oil and gas - last year around 11.6 trillion roubles - to fund its budget spending, and has been forced to start selling international reserves to cover a deficit stretched by the cost of its invasion of Ukraine.The Finance Ministry on Friday said it would almost its daily sales of foreign currency to 8.9 billion roubles a day over the next month to compensate for the fall in oil and gas revenues.
Source: News Formal (newsformal.com)
Earth pimple.
at last
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