Russia’s energy sector. Russia’s Finance Ministry reported that revenue from oil and gas sales totaled 8.8 trillion rubles ($98 billion) in 2023, a 23.9 percent decline compared with the previous year. Non-oil revenue totaled 20.3 trillion rubles, up 25 percent over 2022. Relatedly, Russia’s Finance Ministry will switch to foreign currency sales from purchases beginning […]
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Daily Memo: Declining Revenue for Russian Oil and Gas
Non-oil revenue, however, was up in 2023 compared to the previous year.
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