{"id":106734,"title":"Although Russian energy revenues have improved, they are still only at 50% of the monthly average.","publisher":"Share Talk","author":"sharetalk","published":"2023-03-03T15:03:53+00:00","modified":"2023-03-03T15:03:53+00:00","canonical_url":"https://www.share-talk.com/although-russian-energy-revenues-have-improved-they-are-still-only-at-50-of-the-monthly-average/","markdown_url":"https://www.share-talk.com/although-russian-energy-revenues-have-improved-they-are-still-only-at-50-of-the-monthly-average.md","json_url":"https://www.share-talk.com/although-russian-energy-revenues-have-improved-they-are-still-only-at-50-of-the-monthly-average.json","category":"Blogs","categories":["Blogs","Energy"],"tags":["Barrel","Benchmark","Berlin","Brent","cap","countries","crude","Druzhba","EU","European Union","German","international","oil","pipeline","Poland","Polish","Price","Russia","Russian","sanction","Schwedt refinery","Share Talk","Ukraine","Vladimir Putin","Warsaw"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"Last month, Russia experienced a 20% increase in energy revenues due to a taxation adjustment, rather than a surge in exports.\n\nHowever, these revenues remained significantly below last year’s monthly average. In February, the finance ministry reported Rbs521bn ($6.9bn) in energy revenues, which is almost half the Rbs965bn monthly average in 2022.\n\nThe mineral extraction tax increase contributed to a 34% rise in budget revenues from oil and nearly three times more from gas, mainly from Gazprom.\n\nhttps://twitter.com/Share_Talk/status/1631319799845322753?s=20\n\nThe fixed tax amount of Rbs50bn will be paid by the state-owned energy group until 2025. A weak rouble also benefited budget revenues.\n\nMonthly export duties on gas and oil declined by 44% and 63%, respectively, resulting in the lowest levy in at least five years.\n\nThe budget surplus was Rbs12.3bn higher than expected, enabling the state to reduce its daily sales to Rbs5.4bn a day in March from Rbs8.9bn ($118.1mn) in the previous month."}