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Russia to get $6.35 billion in extra oil and gas revenues in June-finance ministry

Published 03/06/2022, 10:13
Updated 03/06/2022, 10:56
© Reuters. FILE PHOTO: Model of petrol pump is seen in front of Ukraine and Russian flag colors in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) - Russia's finance ministry on Friday said it expects to receive 393 billion roubles ($6.35 billion) in additional oil and gas revenues this month.

The Russian budget is set to record total additional receipts of 656.6 billion roubles in May-June thanks to higher-than-expected oil prices, it said in a statement.

© Reuters. FILE PHOTO: Model of petrol pump is seen in front of Ukraine and Russian flag colors in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration

Due to the temporary suspension of certain provisions of the budget rule, the ministry does not plan to conduct market forex operations this year, it said.

($1 = 61.9000 roubles)

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