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Russia, the Ministry of Finance: revenues from oil and gas decreased by 22,8 percent in 2023

The decrease in prices and volumes of natural gas exported weighs heavily

Moscow
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© Agenzia Nova - Reproduction reserved

Revenue from oil and gas in the Russian federal budget from January to November fell by 22,8 percent year-on-year and reached 8.226 billion rubles (€ 82,4 billion). This was made known on Ministry of Finance of Moscow. The decrease in prices and volumes of natural gas exported weighs heavily.


The ministry also reported that non-oil and gas revenues increased by 25,6 percent compared to 2022 and amounted to 17.737 billion rubles. (€ 177,7 billion). According to preliminary estimates, federal budget revenue from January to November 2023 amounted to 25.963 billion rubles (€ 260,1 billion), a figure 4,8 percent higher than last year.

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