Budget revenues increased by 28 percent or 2.5 trillion rubles (almost 34 billion euros) last year, said Deputy Prime Minister Alexander Nowak at a cabinet meeting broadcast on state television.
The Gazprom group has increased gas supplies to China via a pipeline in Siberia to 15.5 billion cubic meters. In comparison to 2021, this is an increase of 49 percent. Oil production has also increased by two percent to 535 million tons, while oil exports have increased by seven percent.
“As a result of sanction-related restrictions and accidents on the Nord Stream-1 and Nord Stream-2 gas pipelines, exports of pipeline gas have declined,” Nowak said. “At the same time, production and export of liquefied natural gas increased by 8 percent to 46 billion cubic meters of gas per year,” he said.
Since the Russian attack on Ukraine, the EU has adopted nine sanctions packages against Russia. An embargo on Russian oil transported by ship to the EU has been in effect since December. An oil price cap should also force Russia to sell oil for a maximum of 60 dollars per barrel (159 liters). There are also export bans designed to make it impossible for Russia to modernize its oil refineries. The EU sanctions expressly do not include an export ban on gas.
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