Russia’s Oil Revenues Doubled in April Compared to a Year Earlier

Russia’s oil and gas revenues hit $13.5 billion (1.23 trillion Russian rubles) in April, Russian finance ministry data showed on Monday. The Kremlin received nearly double the oil income for the Russian budget that it did in the same month of 2023, per Bloomberg’s estimates. The weaker Russian ruble and the higher price of Russia’s flagship Urals crude amid higher international oil prices contributed to higher revenues from oil-related taxes and from all total oil and gas sales, per Bloomberg’s calculations.   The Russian…