Thu. Jul 18th, 2024

The aggressor takes twice as much money from the sale of oil as in the past year

Natasha Kumar By Natasha Kumar Jul4,2024

The aggressor takes twice as much money from the sale of oil as in the past no income from The Russian naphtha industry increased by up to 50% in the first half of 2023, and some Russian producers adapted to international sanctions and cut higher prices for exported crude.

As written by Bloomberg , in the beginning of 2024, Moscow’s income grew to $6.7 billion, when the red-past doom stood at $4.5 billion. Today, late profits from the sale of Russian oil and gas increased by 41% – to 746.6 billion rubles.

Bloomberg emphasizes that the growth Russia's income was boosted by increased prices for the country's main export crude, Urals naphtha, as well as the weakening of the ruble. It is stated that the Ministry of Finance has released taxes from the 2024 financial year, based on the price of Urals oil at $67.37 per barrel, equalized at $53.50 in 2023.

"Russian nafta is trading above the border price or at 60 dollars, established by the Group of seven industrially guilty countries. This is a move to change the influx of naftodolars and stop the Kremlin from financing the war against Ukraine, with Russian naphtha on the light market,” according to the materials.

Watch at Bloomberg It’s important that the Kremlin stuck to the sanctions and vikorist’s shadow fleet of tankers.

According to journalists, the Russian currency appreciated by 15% during the financial period, which has recently risen to 90.88 per US dollar. This meant greater budget support.

Prepared by: Nina Petrovich

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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