Learn more

Moscow reported a sharp increase in revenues in the first quarter of 2024, partially thanks to one-time tax payments and rising oil prices, reports Bloomberg. According to the Ministry of Finance statement, Russia is experiencing “sustained positive dynamics” in money inflows to the federal budget. Revenues for the three months leading up to March amounted to 8.7 trillion rubles ($94 billion), an increase of 53.5% compared to the same period last year. Non-energy sector inflows increased by 43% annually, reported the Ministry of Finance. Significant contributions came from “one-time nature” pa…

cuu