The Russian Ministry of Finance estimates that the high prices of oil and gas will make it possible to account for additional budget revenue amounting to 9,658 million euros between May and June. During the month of May, Russia recorded extraordinary income of 3,879 million euros in oil and gas sales in relation to the estimated base monthly volume.
Also, for the month of June, the Ministry calculates that the extra income from oil and gas will amount to 5,779 million euros. Due to the temporary suspension of certain provisions of the budget rules related to the use of additional income from oil and gas sales, “the purchase of foreign currency and gold will not be made from the aforementioned funds,” the Ministry explained. , according to the Russian agency Interfax.
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