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Oil and gas revenues in Russia decreased by 30%

Нефтегазовые доходы России сократились на 30%

Profit for the two months of 2016 was less than 690 billion rubles.

Oil and gas revenues in Russia decreased by 30%. The profit, received during the two months of 2016, was less than 690 billion rubles, while for the same period in 2015, the Treasury received 1.05 trillion of oil and gas revenues, says the report of the accounts chamber of the Russian Federation. It is also noted that the budget has received RUB 24.4 billion of outstanding revenue.

The control office stresses that the existence of such income indicates the inconsistency with the principle of completeness of income in the Federal budget.

March 24, Finance Minister Anton Siluanov said that Russia’s economy move away from oil dependence. A day earlier, Deputy Prime Minister Arkady Dvorkovich said that the Russian economy adjusted to low oil prices and the depreciation of the ruble will help to increase the supply of goods in China and Europe.

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