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Apr 5, 2023 · Russia's federal budget revenues from oil and gas, the lifeblood of the country's economy, fell 43% year on year in March, while a quarterly profit-based tax was all that held revenues back from...
Apr 3, 2024 · Russia’s oil and gas tax revenue almost doubled in March from a year earlier as global prices of the nation’s crude jumped and its producers adapt to sanctions.
Feb 23, 2024 · To limit Kremlin profits while maintaining stable energy markets, our Coalition implemented a novel policy in 2022: a price cap on Russian oil. The policy permits service providers in Coalition countries to support the Russian oil trade only if the oil was sold at or below a specific cap.
Mar 9, 2022 · On March 8, less than two weeks after Russia invaded Ukraine, the U.S. announced a ban on all Russian oil imports, further increasing the potential for higher gas costs.
Sep 29, 2022 · The United States, the United Kingdom, Canada, Australia, and the European Union (EU) quickly introduced an import ban on Russian crude and refined products after the invasion. The US banned all Russian oil and gas imports in March 2022.
Apr 3, 2024 · Tax proceeds from Russia's energy sector jumped by 90% in March from a year ago, amid a surge in oil prices to multi-month highs, Bloomberg reported.
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Why did Russia's oil & gas tax revenue double in March?
Why did Russia's oil & gas revenues decline in 2022?
Why does Russia pay oil tax in March?
What happened to Russia's oil price cap in 2022?
Oil and gas exports from Russia have been instrumental to its resilience as a means of financing social obligations at home and purchasing critical foreign imports. In 2022-23, following the introduction of a trade ban by the US and the EU, Russia managed to redirect its crude oil and refined product exports
