The Russian government is projecting an increase of nearly $10 billion in energy revenue in April thanks to increasing oil prices, the nation’s finance ministry said.
Russia’s finance ministry said Tuesday it would earn 798.4 billion roubles, or $9.6 billion, in additional revenue this month because of the higher prices, Reuters reported. The fossil fuel industry, a major funder of the nation’s government, provided 39% of Russia’s federal budget and accounted for 60% of its total exports in 2019, according to the BBC.
The Daily Caller was founded in 2010 by Tucker Carlson, a 20-year veteran journalist, and Neil Patel, former chief policy advisor to Vice President Cheney, The Daily Caller is one of America’s largest and fastest-growing news publications. Our team of experienced, full-time reporters and editors works around the clock to deliver award-winning original reporting, in-depth investigations, entertainment, thought-provoking commentary and up-to-the-second breaking news. Visit https://dailycaller.com