According to the latest Bloomberg data, Russia expects to reduce income from oil and gas by 14% over the next three years. These forecasts are caused by a number of factors that can significantly affect the country's economy.
According to the project of the three -year budget, which the agency has acquainted, the Kremlin predicts the reduction of its key income article from 11.3 billion rubles ($ 118 billion) in 2024 to 9.7 billion rubles in 2027.
This is due to a decrease in energy prices and a softer tax regime for Gazprom. Moscow predicts that the average export price for Russian cheese oil will fall below $ 70. The barrel will be reduced by 2027 for the barrel from next year, and the average contract prices for gas export will be reduced.
This will affect the military budget of Moscow and the war in Ukraine, says Bloomberg.
The next year, military expenditures in the Russian budget will increase by a quarter.
