Russia is expected to receive an additional 1 trillion rubles (13.7 billion euros) from hydrocarbon exports in 2022 and part of this amount can be spent on financing its military operation in Ukraine, said today the Minister of Finance Anton Siluanov.
“We estimate that the additional revenues from hydrocarbons could reach up to 1 trillion. “According to our forecasts in cooperation with the Ministry of Economic Development,” Siluanov said in a televised interview.
“In the past we put some of the money from oil and gas in our reserves but this year everything will be spent,” he added.
According to Siluanov, this money will be given to her payment of pensions, supporting families with children and “conducting the special operation” in Ukraine. “We have the resources,” he assured.
Russia is receiving record amounts of hydrocarbon exports, mainly because prices have soared. European Union member states are trying to reduce their dependence on Russian hydrocarbons but have so far not agreed to phase out Russian oil, largely due to Hungary’s refusal.
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