Russian Oil Revenues Continue To Rise As Oil Prices Rise

Stefan Sauer / DPA / TASS  

OilPrice.com: Russia Sees Extra $6.4 Billion Oil Revenue In June As Prices Rally 

* Russia's Finance Ministry expects $6.37 billion in additional oil revenue in June. 

* Russian oil exports haven’t fallen off a cliff, while it continues to sell natural gas to most of the EU. 

* Russian crude exports could drop if the EU's sixth' sanctions package is fully implemented. 

Russia expects to receive as much as $6.37 billion in additional oil and gas revenues in June, its finance ministry said on Friday, as energy commodity prices have rallied since the Russian invasion of Ukraine. 

According to estimates released on Friday by the Finance Ministry, Russia expects its additional revenue from oil and gas sales to be 393 billion rubles, or $6.37 billion, this month. 

Additional budget revenues are expected at $10.66 billion (656.6 billion rubles) for the months of May and June because of the higher-than-expected oil prices, Russia said. 

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