Russia's oil tax revenue to double amid global oil crisis

rbc.ua (Russian)

Russia expects to nearly double its oil tax revenue in April to around $9 billion due to a global oil crisis. The crisis was triggered by the closure of the Strait of Hormuz after US and Israeli strikes on Iran, causing Brent crude prices to exceed $100 per barrel. This surge significantly boosts Russia's tax income, though its economy remains vulnerable to Ukrainian attacks and budget deficits.


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Russia's oil tax revenue to double amid global oil crisis | News Minimalist