Russia Expects To Get Richer Despite Being Slapped With Western Sanctions

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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.


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