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Moscow's Energy Line Item Falls 17.2%, CIS Trade Exceeds $110 Billion: Peg at 3.7500

January-September budget energy revenue fell to 5.47 trillion rubles; Urals barrel climbed from $56.82 to $92.08. Gulf pegs quiet, TASI 9,762.

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Karim Al-Rashidi

8 hours ago · 2 min read

Partial view of Red Square in Moscow with the Kremlin wall obstructing most of the square · Photo: U.S. Department of State / Wikimedia Commons (Public domain)

Evening close juxtaposes two figures, and the gap between them is today's story. According to Russia's Finance Ministry data, federal budget oil and natural gas revenues in January-September dropped 17.2 percent, falling from 6.61 trillion rubles to 5.47 trillion rubles — a gap of roughly 1.14 trillion rubles in that line item. Over the same nine months, total budget revenues rose 10 percent to 29.64 trillion rubles, while non-energy revenues climbed 18.8 percent to 24.17 trillion rubles. For Mo…

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