Russia has earned billions of dollars from selling oil and gas. Revenue up more than 60%.

Russia’s oil and gas revenues increased by 61.6 percent between January and July. annually to 6.777 trillion rubles ($79.98 billion) compared to 4.193 trillion rubles ($49.42 billion) last year.

Taxes on the production and export of crude oil and gas condensate (mineral extraction tax, export tax and additional tax on profits) generated 7.944 trillion rubles ($93.64 billion) for the Kremlin budget in seven months of this year.

Russia’s Finance Ministry expects 166.72 billion rubles ($1.96 billion) in additional oil and gas revenues in state coffers in August.

China has bought the highest amounts of natural resources from Russia

Russia continues to increase supplies of raw materials to China. According to data from the Chinese customs service, which was announced by the Russian economic daily “Vedomosti”, in the period between January and June this year. From the Russian Federation, goods with a value exceeding $ 65.2 billion were sold to the Chinese market – 4%. more than a year before. At the same time, almost 90 percent were exports of natural resources.

Customs data shows that three-quarters of Russia’s supplies to China are crude oil, petroleum products and gas. Within six months, oil companies sold 55.1 million tons of black gold to Chinese refiners – 5 percent more than last year. more than a year ago. The average price of this oil increased by 9%, to $80.3 per barrel.

Income from the sale of gas pumped by Gazprom to China via the Power of Siberia pipeline up 17%, to USD 4 billion. The gas pipeline launched in 2019 should reach the planned capacity of 38 billion m3 next year. By the end of 2024, Moscow plans to supply Beijing with 30 billion m3 of gas through this pipeline.

Not only gas and oil. What else is Putin selling to Beijing?

In addition, China bought $1.7 billion worth of timber from Russia, $2.3 billion worth of metal ores, and $1.8 billion worth of aluminum and aluminum products.

In addition to minerals and metals, fish ($1.3 billion) and vegetable and animal oils ($1 billion) were sold from the Russian Federation to China. However, the delivery of these products decreased – by 11 and 32 percent, respectively.

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