Daily Memo: Russia’s Budget, Egypt’s Interest in BRICS

The Kremlin could see a spike in non-energy revenue.

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Russian revenue. The Russian government is reportedly expecting revenue from non-oil and gas sectors to exceed what was anticipated in the 2023 budget. Between January and May this year, non-oil and gas revenue totaled nearly 7 trillion rubles ($83 billion), 9 percent higher than the same period last year. Oil and gas revenue, meanwhile, was […]

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