Even under the conditions of the conservative price of oil, the Russian budget will receive more than 8 trillion rubles in income from oil and gas transactions. This was announced in an interview with RBC by Finance Minister Anton Siluanov.
“As for the Russian Federation, we have set rather conservative parameters. According to the forecast, our oil price is $70 per barrel, the exchange rate is $68 rubles per barrel, the production volume is about 10 million barrels per day,” the head of the Ministry of Finance said.
According to Siluanov, even at such prices, there is an opportunity to receive oil and gas revenues worth more than 8 trillion rubles. He explained that the pledged small gap is an additional reserve for the Russian budget. At the moment, a difficult situation has developed in the oil market in terms of the interests of buyers and sellers, the official said.
As previously reported, the base volume of oil and gas revenues of 8 trillion rubles each year has been included in the federal budget for the next three years.
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