Russian Oil And Gas Revenues May Jump By 60% In July

Russia's revenue from oil and gas sales may increase by around 60% in July from May receipts to 844 billion roubles ($9.3 billion), Reuters has reported. The rise in income from oil and gas will, however, be merely a reflection of cyclical patterns. The increase will also help alleviate Moscow’s budget deficit, which stood at 2.6 trillion roubles ($28.7B) in the first half of the year. Previously, Russia's Finance Minister Anton Siluanov said that the country’s budget deficit in the coming year might exceed the expected…