Russia expected to earn $321 billion from oil and gas sales in 2022

Russia’s energy revenue is expected to skyrocket this year if trading partners continue purchases of oil and gas from the sanction-hit country.

Russia will get an estimated $321 billion in energy exports in 2022, marking a surge of more than a third compared to last year, according to a Bloomberg analysis published Friday.

“The single biggest driver of Russia’s current account surplus continues to look solid,” Bloomberg quoted economists at the Institute of International Finance (IFF), as saying in a report.

We are primarily funded by readers. Please subscribe and donate to support us!

“With current sanctions in place, substantial inflows of hard currency into Russia look set to continue.”

www.rt.com/business/553262-russia-reaps-huge-energy-profits/

h/t Doomsday22

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.