Russia reports a 40% monthly increase in federal oil and gas budget revenues for April, reaching 239 billion rubles as Urals crude prices rose to $77 per barrel. The Ministry of Finance expects further growth in May as average prices climbed to $95 in April.
Russia's federal budget oil and gas revenues increased by 239 billion rubles in April, a nearly 40% rise compared to March, according to data released by the Ministry of Finance. The growth is attributed to the rise in Urals crude prices to $77 per barrel in March, with further increases expected in May as prices reached $95 per barrel in April.
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