Monday, December 5, 2022

Russia: Record revenues from gas exports

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“We expect up to a trillion rubles more in oil and gas revenues,” Finance Minister Anton Siluanov said on state television on Friday, referring to the latest forecast by the Ministry of Economic Development. Part of the additional income could be used to continue the Russian offensive in Ukraine.

The government wants to spend the extra revenue this year rather than set it aside, he said. The money should be spent on “additional payments” for pensioners and families with children and for the “special operation” in Ukraine, the finance minister said, citing Russia’s war of aggression in pro-western Ukraine.

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