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BREAKING
Al Mayadeen correspondent: 7 martyrs and wounded after an Israeli drone bombed a group of Palestinians while they were preparing a water well at the end of Al-Jalaa Street, north of Gaza.
Al Mayadeen correspondent in Gaza: 122 martyrs as a result of Israeli raids on the Gaza Strip since dawn today.
Senior Palestinian Resistance official to Al Mayadeen: During yesterday's round of negotiations in Doha, "Israel" insisted on releasing captives as part of a transitional phase, while Hamas adhered to comprehensive package
Iranian Foreign Minister Abbas Araghchi: A date has been set for the next round of indirect talks with the US, and it will be announced soon
Lebanese Ministry of Health: Two people, including a soldier, were injured in an Israeli airstrike near the town of Beit Yahoun, Bint Jbeil District, in South Lebanon
Araghchi: Iran is committed to diplomacy and expects the lifting of unjust and unilateral sanctions that directly target its people
Araghchi: We want a fair and balanced agreement reached within the framework of the Nuclear Non-Proliferation Treaty with full respect for Iran's nuclear rights
Araghchi: Iran has always sought to alleviate legitimate international concerns about its nuclear program through transparency
Araghchi: Iran is committed to the principle of not producing or deploying weapons of mass destruction
Araghchi: Iran is committed to the Nuclear Non-Proliferation Treaty and has never sought to possess nuclear weapons based on its principles

Russia's budget will receive additional $260 Bln from oil, gas sales

  • By Al Mayadeen Net
  • Source: Agencies
  • 2 May 2022 17:57
  • 3 Shares
2 Min Read

High energy prices are projected to add $260 billion to Russia's budget.

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  • Russian energy exports rebounded because of new orders from China and India
    Russian energy exports rebounded because of new orders from China and India

Norwegian research company Rystad Energy said on Monday that Russia might end up adding $260 billion to its budget from its energy exports, brought on by high energy prices.

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Rystad Energy's research shows that despite cuts in oil production this year, the spike in oil prices will increase tax revenue to more than $180 billion. Additionally, extremely high gas prices in Europe and LNG prices in Asia will generate close to $80 billion of tax flows in Russia.

Europe's avoidance to buy Russian oil over concerns of sanctions after Russia started the military operation in Ukraine created problems for Moscow over three weeks. The exports later rebounded in late March thanks to new orders from China and India, allowing Russia's oil exports to remain stable.

"If further sanctions on Russian energy exports come into place, then the most likely scenario is a gradual phase-out of Russian oil in Western markets that will take several months to complete," the company said, adding that if an embargo is put in place, Russia will be forced to cut production because it lacks storage capacity for extra crude volumes.

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  • Russia
  • Gas prices
  • Oil prices
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

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