Even with a very partial embargo, Russia is beginning to recognize the loss of its main source of budget revenue.
In March, the deviation of actual oil and gas revenues to the Russian budget from the expected amounted to 302 billion rubles . This was reported by Interfax with reference to the Ministry of Finance of the Russian Federation.
“The adjustment is due to deviation of gas exports from the forecast level , as well as lower dynamics of revenues under the VAT regime and increased reimbursement of excise duty on crude oil, including due to changes in the structure of certain elements of taxation, “- said in a statement.
Earlier it was planned that in March the federal budget will receive 790 billion rubles. Instead, the budget received 496.3 billion rubles.
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It will be recalled that after Russia's invasion of Ukraine, the United States, the European Union and the countries that joined them adopted a number of sanctions affecting, among other things, Russian oil and gas exports. For example, the United States and some other countries have imposed an embargo on Russian oil and gas imports.
April 5 reached a record high. This was reported by Bloomberg, citing data from the Platts price agency.
Analysts attribute the strong discount on the Urals to a sharp drop in demand for the brand's oil. European buyers fear the tightening of sanctions imposed by the United States, Britain and the EU against Russia in connection with the war in Ukraine, and prefer to buy alternative oils – Forties and Johan Sverdrup.
The sharp rise in sea shipping from Russian ports and rising insurance rates, as well as the refusal of some banks to open letters of credit for the purchase of Russian oil are also putting pressure on the Urals.
ZN.ua
