Despite Western sanctions over the war against Ukraine, the Russian government has made significantly more money from the oil and gas trade. Budget revenues rose by 28 percent or 2.5 trillion rubles (almost 34 billion euros) last year.
Deputy Prime Minister Alexander Nowak announced the figures during a cabinet meeting broadcast on state television.
Gas supplies to China increased
The Gazprom group has boosted gas supplies to China to 15.5 billion cubic meters through a pipeline in Siberia. Oil production also increased by two percent to 535 million tons, while oil exports increased by seven percent.
Gas exports to the EU subject to severe restrictions
Due to Western economic sanctions against Russia in response to the military operation in Ukraine, Moscow has severely restricted its gas exports to the EU. To compensate for this, Russia is trying to increase its gas supplies to China. Until now, however, the infrastructure for this was lacking in some cases.
Source: Krone
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