---
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"
date: 2023-03-03
canonical: "https://www.share-talk.com/although-russian-energy-revenues-have-improved-they-are-still-only-at-50-of-the-monthly-average/"
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"]
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format: "news"
language: "en-GB"
---

# Although Russian energy revenues have improved, they are still only at 50% of the monthly average.

**Published:** March 3, 2023
**Author:** sharetalk
**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
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Last month, Russia experienced a 20% increase in energy revenues due to a taxation adjustment, rather than a surge in exports.

However, 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.

The mineral extraction tax increase contributed to a 34% rise in budget revenues from oil and nearly three times more from gas, mainly from Gazprom.

https://twitter.com/Share_Talk/status/1631319799845322753?s=20

The fixed tax amount of Rbs50bn will be paid by the state-owned energy group until 2025. A weak rouble also benefited budget revenues.

Monthly export duties on gas and oil declined by 44% and 63%, respectively, resulting in the lowest levy in at least five years.

The 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.

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