the production costs per barrel for Moscow (stolen from the Siberians) oil is around $43-45 due to various factors like old equipment, harsh environments, physical barriers etc. Add to this the shipping costs to China and India at around $10-12 per barrel. This leave the profit for Moscow per barrel at around a couple dollars...a damning indication of where their economy currently is. (As an example, the Saudi production costs per barrel are around $20-22 with a profit margin per barrel around $60 ish!) "Everything is going according to plan.
- " Saddam Putsein
Slumping energy revenues and soaring expenditure pushed Russia's federal budget to a deficit of 1.76 trillion roubles ($24.78 billion) in January, as sanctions and the cost of Moscow's military campaign in Ukraine choke the economy's prospects.
www.reuters.com
MOSCOW (AP) — Russia’s finance ministry said Monday that budget revenue in January was 35% lower compared with the same month in 2022, the last month before Russia sent troops into Ukraine.
The ministry also said the budget deficit for January was 1.77 trillion rubles ($23.9 billion), about 60% of the shortfall that had been planned for the entire year.
Oil and gas revenue, the backbone of Russia’s economy, was down 46% compared with January 2022.
Western countries have declared a $60-per-barrel price cap on Russian crude oil as well as ceilings on refined oil products like diesel fuel and gasoline.
Russia has said it won’t sell oil to countries observing the limit, but the cap and falling demand from a slowing global economy has meant customers in China, India and elsewhere can buy Russian oil at steep discounts, cutting into the Kremlin’s revenue.
Russia’s finance ministry says budget revenue in January was 35% lower compared with the same month in 2022.
apnews.com
MOSCOW, February 6. /TASS/. Russia’s federal budget deficit may amount to 1.76 trillion rubles ($24.61 bln), according to preliminary estimates of the Ministry of Finance.
"According to preliminary estimates, the volume of federal budget revenues in January 2023 amounted to 1.356 trillion rubles, which is 35% lower than the volume of revenues in January 2022," the ministry said on Monday.
The preliminary volume of expenditures of the Russian budget in January reached 3.117 trillion rubles ($43.58 bln), exceeding the figures for the same period last year by 59%.
The ministry also added that oil and gas revenues of the Russian budget, according to preliminary data, amounted to 426 bln rubles ($5.96 bln) in January 2023 and decreased by 46% compared to January 2022.
"According to preliminary estimates, the volume of federal budget revenues in January 2023 amounted to 1.356 trillion rubles, which is 35% lower than the volume of revenues in January 2022," the Ministry of Finance says
tass.com
MOSCOW. Feb 6. (Interfax) - Russia's federal budget showed a deficit of 1.776 trillion rubles in January according to preliminary data, which was 14 times the 125 billion ruble deficit in January last year and amounted to 60% of the total year plan for 2023 of 2.925 trillion rubles, the Finance Ministry said on its website.
Revenues in January were 1.356 trillion rubles, 35% less than revenues received a year earlier. Oil and gas revenues were 426 billion rubles, down 46% from January 2022. This is primarily due to a decrease in prices for Urals crude and a decrease in natural gas exports, the ministry said. Non-oil revenues were 931 billion rubles, down 28%, due primarily to a decrease in domestic VAT and income tax revenues.
Budget expenditures in January were 3.117 trillion rubles, 59% higher than in the same period last year. The acceleration of financing at the beginning of the year is mainly due to the prompt conclusion of contracts and advance financing for certain contracted expenses, the Finance Ministry said. This will also ensure a more even federal budget cash expenditure throughout 2023.
Slumping energy revenues and soaring expenditure pushed Russia's federal budget to a deficit of 1.76 trillion roubles ($24.78 billion) in January, as sanctions and the cost of Moscow's military campaign in Ukraine choke the economy's prospects.
www.reuters.com
MOSCOW (AP) — Russia’s finance ministry said Monday that budget revenue in January was 35% lower compared with the same month in 2022, the last month before Russia sent troops into Ukraine.
The ministry also said the budget deficit for January was 1.77 trillion rubles ($23.9 billion), about 60% of the shortfall that had been planned for the entire year.
Oil and gas revenue, the backbone of Russia’s economy, was down 46% compared with January 2022.
Western countries have declared a $60-per-barrel price cap on Russian crude oil as well as ceilings on refined oil products like diesel fuel and gasoline.
Russia has said it won’t sell oil to countries observing the limit, but the cap and falling demand from a slowing global economy has meant customers in China, India and elsewhere can buy Russian oil at steep discounts, cutting into the Kremlin’s revenue.
Russia’s finance ministry says budget revenue in January was 35% lower compared with the same month in 2022.
apnews.com
MOSCOW, February 6. /TASS/. Russia’s federal budget deficit may amount to 1.76 trillion rubles ($24.61 bln), according to preliminary estimates of the Ministry of Finance.
"According to preliminary estimates, the volume of federal budget revenues in January 2023 amounted to 1.356 trillion rubles, which is 35% lower than the volume of revenues in January 2022," the ministry said on Monday.
The preliminary volume of expenditures of the Russian budget in January reached 3.117 trillion rubles ($43.58 bln), exceeding the figures for the same period last year by 59%.
The ministry also added that oil and gas revenues of the Russian budget, according to preliminary data, amounted to 426 bln rubles ($5.96 bln) in January 2023 and decreased by 46% compared to January 2022.
"According to preliminary estimates, the volume of federal budget revenues in January 2023 amounted to 1.356 trillion rubles, which is 35% lower than the volume of revenues in January 2022," the Ministry of Finance says
tass.com
MOSCOW. Feb 6. (Interfax) - Russia's federal budget showed a deficit of 1.776 trillion rubles in January according to preliminary data, which was 14 times the 125 billion ruble deficit in January last year and amounted to 60% of the total year plan for 2023 of 2.925 trillion rubles, the Finance Ministry said on its website.
Revenues in January were 1.356 trillion rubles, 35% less than revenues received a year earlier. Oil and gas revenues were 426 billion rubles, down 46% from January 2022. This is primarily due to a decrease in prices for Urals crude and a decrease in natural gas exports, the ministry said. Non-oil revenues were 931 billion rubles, down 28%, due primarily to a decrease in domestic VAT and income tax revenues.
Budget expenditures in January were 3.117 trillion rubles, 59% higher than in the same period last year. The acceleration of financing at the beginning of the year is mainly due to the prompt conclusion of contracts and advance financing for certain contracted expenses, the Finance Ministry said. This will also ensure a more even federal budget cash expenditure throughout 2023.
the production costs per barrel for Moscow (stolen from Sibiriens) oil is around $43-45 due to various factors like old equipment, harsh environments, physical barriers etc. Add to this the shipping costs to China and India at around $10-12 per barrel. This leave the profit for Moscow per barrel at around a couple dollars...a damning indication of where their economy currently is. (As an example, the Saudi production costs per barrel are around $20-22 with a profit margin per barrel around $60 ish!)
Russian Defence Ministry report on the progress of the special military operation
The Armed Forces of the Russian Federation continue the special military operation.
In Kupyansk direction, the attacks, launched by Army Aviation and the artillery of the 'Zapad' Group of Forces, have resulted in the neutralisation of the enemy manpower and hardware near Dvurechnaya, Krakhmalnoye, and Tabayevka (Kharkov region).
Over 60 Ukrainian personnel, two armoured fighting vehicles, four motor vehicles, one Gvozdika self-propelled howitzer, and one D-20 howitzer have been eliminated.
In Krasny Liman direction, the active operations of the 'Tsentr' Group of Forces, supported by Ground-Attack and Army aviation, as well as the artillery fire, have resulted in the elimination of up to 140 Ukrainian personnel, three armoured fighting vehicles, three motor vehicles, one fighting vehicle equipped with Grad multiple-launch rocket system (MLRS), as well as the Msta-B, D-20, and D-30 howitzers near Novosadovoye (Donetsk People's Republic), Ploshchanka, Makeyevka, Chervonopopovka, and Chervonaya Dibrova (Lugansk People's Republic).
In Donetsk direction, the units of the 'Yug' Group of Forces have launched a complex fire attack against the concentrations of enemy manpower and hardware along all the line of contact.
The enemy has lost up to 240 Ukrainian personnel, two tanks, seven armoured fighting vehicles, six motor vehicles, the D-20 and D-30 howitzers, one D-44 anti-tank gun, as well as one U.S.-manufactured M-777 artillery system.
One command post and one ordnance depot of the Armed Forces of Ukraine (AFU) have been destroyed near Avdeyevka (Donetsk People's Republic).
In South Donetsk direction, Operational-Tactical Aviation and the artillery of the 'Vostok' Group of Forces have launched a complex fire attack against the AFU units near Vodyanoye, Ugledar, and Prechistovka (Donetsk People's Republic).
RUSSIANS MARCH ON , FRIDAY FEBRUARY 24
UKEYS FLEEING
Russian Defence Ministry report on the progress of the special military operation
The Armed Forces of the Russian Federation continue the special military operation.
In Kupyansk direction, the attacks, launched by Army Aviation and the artillery of the 'Zapad' Group of Forces, have resulted in the neutralisation of the enemy manpower and hardware near Dvurechnaya, Krakhmalnoye, and Tabayevka (Kharkov region).
Over 60 Ukrainian personnel, two armoured fighting vehicles, four motor vehicles, one Gvozdika self-propelled howitzer, and one D-20 howitzer have been eliminated.
In Krasny Liman direction, the active operations of the 'Tsentr' Group of Forces, supported by Ground-Attack and Army aviation, as well as the artillery fire, have resulted in the elimination of up to 140 Ukrainian personnel, three armoured fighting vehicles, three motor vehicles, one fighting vehicle equipped with Grad multiple-launch rocket system (MLRS), as well as the Msta-B, D-20, and D-30 howitzers near Novosadovoye (Donetsk People's Republic), Ploshchanka, Makeyevka, Chervonopopovka, and Chervonaya Dibrova (Lugansk People's Republic).
In Donetsk direction, the units of the 'Yug' Group of Forces have launched a complex fire attack against the concentrations of enemy manpower and hardware along all the line of contact.
The enemy has lost up to 240 Ukrainian personnel, two tanks, seven armoured fighting vehicles, six motor vehicles, the D-20 and D-30 howitzers, one D-44 anti-tank gun, as well as one U.S.-manufactured M-777 artillery system.
One command post and one ordnance depot of the Armed Forces of Ukraine (AFU) have been destroyed near Avdeyevka (Donetsk People's Republic).
In South Donetsk direction, Operational-Tactical Aviation and the artillery of the 'Vostok' Group of Forces have launched a complex fire attack against the AFU units near Vodyanoye, Ugledar, and Prechistovka (Donetsk People's Republic).
RUSSIANS MARCH ON , FRIDAY FEBRUARY 24
UKEYS FLEEING
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