Russia expects $14 Billion in additional Oil and Gas Revenues this year

World » RUSSIA | May 28, 2022, Saturday // 13:39
Bulgaria: Russia expects $14 Billion in additional Oil and Gas Revenues this year

Russia expects to receive one trillion rubles in additional oil and gas revenues this year, the Russian finance minister said, adding that part of the unexpected revenue will be spent on Moscow's offensive in Ukraine.

"We expect to receive up to one trillion rubles (.4 billion) in additional oil and gas revenues, according to a forecast we developed with the Ministry of Economic Development," Finance Minister Anton Siluanov said in a commentary on state television.

Siluanov said the government plans to spend the extra revenue this year, not save it. He said the money would be spent on "additional payments" to pensioners and families with children and on conducting the "special operation" in Ukraine, referencing Moscow's offensive in the pro-Western country.

"There are funds for that," Siluanov added.

The West has imposed unprecedented sanctions against Moscow to punish the Kremlin for sending troops to Ukraine on February 24 but has not affected Russia's oil and gas supplies.

Recently, President Vladimir Putin mocked the sanctions, saying Europe's "chaotic actions" had led to an increase in oil and gas revenues for Russia.

Follow Novinite.com on Twitter and Facebook

Write to us at editors@novinite.com

Информирайте се на Български - Novinite.b

/BGNES

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Russia » Be a reporter: Write and send your article
Tags: rubles, Russia, oil, gas
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria