Russia is expected to receive an additional 1 trillion rubles (about C$19.2 billion) from its hydrocarbon exports in 2022, part of which can be allocated to continue its offensive in Ukraine, the Russian Minister of Foreign Affairs said on Friday. Finance.
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“We estimate that additional revenues from hydrocarbons could reach up to 1000 billion rubles, according to forecasts worked out with the Ministry of Economic Development,” Anton Silouanov said in an interview broadcast on television.
“If before we put some of this money from oil and gas in our reserves, this year it will be completely spent,” he said.
“It will allow pensioners to be paid more, families with children, and to carry out the special operation” in Ukraine, he added. “We have the resources,” assured the minister.
Russia is currently reaping record revenues for its sales of hydrocarbons, still largely exempt from the sanctions imposed on Moscow for its offensive in Ukraine, thanks in particular to a very high gas price.
Member states of the European Union are trying to reduce their dependence on Russian hydrocarbons, but they have so far failed to agree on a gradual cessation of Russian oil purchases, with Hungary blocking a project to oil embargo.
