Russia expects to receive a boost in revenues from energy exports this month, according to its finance ministry. September is expected to bring an extra $6.67 billion into the state coffers, adding to August’s additional earnings of $1.4 billion.
“Thus, the total amount of funds to be received as additional oil and gas revenues will reach $8.07 billion,” the ministry said in a statement released last week, reports RT.
In August, Western analysts predicted that Russia’s energy export revenues would surge by 38% year-on-year, totaling $337.5 billion in 2022. According to their outlook, energy export earnings will ease to $255.8 billion next year, but will still be higher than the 2021 figure of $244.2 billion.