Russian oil and gas revenues fall 43% in March

#Russia #oil revenue #gas revenue #sanctions #price cap #budget deficit #energy exports

Russian oil and gas revenues dropped 43% in March compared to the previous year.
The decline is attributed to Western sanctions and price caps on Russian energy exports.
This sharp decrease significantly impacts Russia's federal budget, which heavily relies on energy sales.
The revenue fall may limit Russia's funding for military operations and economic stability measures.

Economic Sanctions, Energy Markets

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