Oil and gas sales are expected to contribute some 40% of the Russian state coffers in 2022
and are crucial at the time of the Western sanctions imposed after Moscow sent troops into Ukraine on Feb. 24.
According to the tax service, gas export revenues in the rouble terms declined in June to 633 billion roubles from more than 1 trillion roubles in May. However, the newspaper cited Valery Vaisberg, an analyst from IK Region brokerage, as saying that Russian gas exporting revenues in May jumped five times year-on-year, and three times in June, also from the same period in 2021.
Russian gas exporting monopoly Gazprom cut gas exports via Nord Stream 1 pipeline to Germany to 40% of capacity last month and is poised to cut it further to 20% on Wednesday morning, citing challenges with maintenance.
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