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The Russian government is forecasting a fall in revenues from oil and gas sales over the next three years due to falling energy prices and a more lenient tax regime for Gazprom, according to Bloomberg. According to a draft three-year budget reviewed by the agency, this key source of Kremlin financing is expected to shrink by 14% between 2024 and 2027, impacting Russia’s war against Ukraine and its growing military expenditures. The government predicts that Russia’s oil and gas sector will contribute 10.94 trillion rubles ($118 billion) in taxes to the state treasury next year, which is 3.3% le…

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