russia economy

Latest news and articles about russia economy from NEX English

Russian Oil and Gas Revenues Drop by 20.7% in May 2023

Russian oil and gas revenues saw a significant decline of <strong>20.7%</strong> in May, totaling <strong>678.9 billion rubles</strong> or approximately <strong>$9.26 billion</strong>. This drop is attributed to escalating geopolitical tensions and the repercussions of the Russia-Ukraine war.

Increase in Global Demand for Russian Oil, Says Peskov

Dmitry Peskov, the Kremlin spokesperson, reported a rising demand for Russian crude oil in global markets, highlighting its significance amid current economic conditions. This comes as the global market undergoes significant transformations due to geopolitical crises and changes in energy policies.