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Russia sees extra $4.5 billion in July budget revenue on higher oil prices

By:
Reuters
Published: Jul 5, 2022, 09:22 UTC

(Reuters) - Russia's finance ministry said on Tuesday that it expects an additional 259 billion roubles ($4.50 billion) in budget revenue in July thanks to higher oil prices.

Russia sees extra $4.5 billion in July budget revenue on higher oil prices

(Reuters) – Russia’s finance ministry said on Tuesday that it expects an additional 259 billion roubles ($4.50 billion) in budget revenue in July thanks to higher oil prices.

It said it did not plan to use extra budget revenue to buy foreign exchange or gold on the market.

($1 = 57.53 roubles)

(Reporting by Reuters; editing by Jason Neely)

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