Despite sanctions: Russia achieves significant budget plus

Moscow - According to the Ministry of Finance of Russia, in the first six months of this year the country took in 1.374 trillion rubles more than it spent. After currency conversion, this corresponds to a surplus of 23 billion euros.

For comparison: According to the federal budget passed in June, Germany is planning new debt of 138.9 billion euros for 2022 - the second highest in history since the end of the Second World War. This should also cushion the consequences of the Ukraine conflict, such as the admission of refugees and the increase in energy prices.

100 billion euros through oil and gas sales
Despite the costs of the war in Ukraine and the consequences of Western sanctions, Russia was able to increase its state assets, reports the Interfax news agency, citing the government. This was mainly due to the rise in raw material prices.

In the first half of the year, the country took in more than 100 billion euros from the sale of oil and gas alone. It has already achieved two-thirds of the funds planned for the entire 2022 financial year from raw materials trading. The increased prices meant that Russia was able to achieve higher revenues despite lower quantities sold.

Source: Junge Freiheit