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Oil prices have risen: Kremlin's income is rising sharply

Oil prices have risen: Kremlin's income is rising sharply

According to the influential British publication The Telegraph, a sharp increase in revenues from oil and gas trade to the Russian budget is expected. According to estimates, these revenues will almost double this month, from $12 billion to almost $24 billion.

According to analysts, such growth is explained by several factors. First of all, a sharp increase in the price of energy resources in the global market plays an important role. Moreover, the concessions granted to certain sanctions imposed by the US have also created certain advantages for Russian exports.

The source notes that against the backdrop of military tensions and the threat of war around Iran, demand in the energy market is increasing, and prices are rising. As a result, it is noted that the Kremlin under Vladimir Putin receives an average of $760 million in revenue daily.

Thus, geopolitical contradictions and changes in the energy market are causing serious losses for some countries, while creating significant financial opportunities for others.

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News » World » Oil prices have risen: Kremlin's income is rising sharply