Monday, March 27, 2023

Russia earned more from oil and gas in 2022

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Despite the Ukraine war, Russia has earned more from its oil and gas exports. (icon picture)

According to the Interfax agency, Russian Deputy Prime Minister Alexander Novak said the corresponding budget revenue in 2022 would have grown by 28 percent or by 2.5 trillion rubles (around CHF 33.8 billion) compared to the previous year.

In the course of the Russian war of aggression against Ukraine, gas has not been pumped to Europe through the Baltic Sea pipeline Nord Stream 1 for months, and the Nord Stream 2 pipeline has never been put into operation. Against this background, the export of conventional natural gas has fallen, said Nowak. But the export of liquefied natural gas increased by eight percent to 46 billion cubic meters. Oil exports increased by 7 percent.

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