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(Bloomberg) -- Russia’s oil and gas revenue almost halved in February after Western restrictions on crude and petroleum products took effect and gas exports to Europe fell.
Tax revenue from oil and gas plunged 46% in February from a year ago to 521 billion rubles ($6.91 billion), the Finance Ministry said on Friday. Proceeds from crude oil and petroleum products — which accounted for over two thirds of energy tax revenue last month — fell by 48% to 361 billion rubles, according to Bloomberg calculations.
The drop in contributions to the nation’s budget comes after the price of Urals crude — Russia’s key export blend — has fallen to a significant discount compared to the Brent benchmark. The European Union banned most seaborne imports of crude and petroleum products from Russia, and the Group of Seven industrialized nations imposed a price cap.
With the price of Urals oil averaging just over half of its value a year ago, Russia is seeking to gradually narrow the discount to Brent it uses to calculate taxes in an effort to boost revenue amid sanctions. Energy proceeds account for around at third of nation’s coffers, which are under pressure amid the rising cost of financing the war in Ukraine.
Gas revenue fell almost 42% in February from a year ago to 161 billion rubles, as even higher proceeds from the mineral extraction tax failed to make up for losses from export duties. Budget revenue from gas export duties fell 81% to 40 billion rubles after nation’s gas giant Gazprom PJSC reduced pipeline flows to Europe, historically its largest market, and the fuel price has significantly declined amid warmer-than-usual weather.
GETTING RICHER EVERY DAY!!!
When everyone plays with the kid who has the ball decide that the kid with the ball is really a spoiled petulant brat who always takes his ball and goes home at the slightest provocation, eventually, the other kids make due without the ball and find another game to play.
Part of the fleet of Superjet 100 passenger aircraft reportedly risks grounding over a lack of US-made spark plugs for the Franco-Russian SaM-146 engines.
The information was reported by the Telegram channel Aviatorshchina, a Russian telegram channel that regularly publishes insider stories from the aviation industry.
“Over the past 11 months, spark plugs have been supplied by PJSC UEC- Saturn from its reserves, but at the moment, PJSC UAC-Saturn has difficulties in providing this service,” a notice shared by the channel reads. “The current situation leads to the risk of stopping part of the airlines’ RRJ95 [another name for the SSJ100 – ed. note] aircraft fleet in the near future and the gradual complete cessation of flights of the entire fleet of RRJ-95 aircraft, which jeopardizes the implementation of the flight program for the transportation of passengers, including socially significant ones.”
Saturn, a subsidiary of the Russian state company United Engine Corporation, is one of the two companies forming PowerJet, a joint venture in charge of producing and supporting the SaM146, the sole engine powering the Sukhoi Superjet 100 airliner. The other company involved in the joint venture is the French engine manufacturer Safran.
Before sanctions were applied against Russian aviation in the aftermath of the invasion of Ukraine, engine spark plugs for the SaM-146 engines were manufactured by the US-based company Unison Industries.
In late March 2022, PowerJet, the Russian-French manufacturer of the SaM146 engines, said it would suspend its engine maintenance and repair services. A month later, several Russian airlines operating the Sukhoi Superjet 100 warned that they might have to ground the aircraft soon.
Biden just loves sanctions ...
Uganda Enacts Death Penalty for Gay Pedophiles, Biden Threatens Sanctions
The new legislation, which bans homosexuality, the promotion of homosexuality, and gives the death penalty to gay child-grooming pedophiles, “protects and safeguards the sovereignty of this country, the morals of this country, the culture, and we will always legislate for our people,” said Anita Annet, the Speaker of the Ugandan Parliament, when the national legislature voted to pass the law on Wednesday.
https://nationalfile.com/uganda-enacts-death-penalty-for-gay-pedophiles-biden-threatens-sanctions/
Uganda
RayAmerica says
Uganda
So you insist on lumping Uganda and CCCP into one shithole category? Can't say I disagree....
I think he's pointing out how ridiculous the US looks with their sanctions.
richwicks says
I think he's pointing out how ridiculous the US looks with their sanctions.
Looks like you're reading him wrong.
The only ridiculous thing here is the CCCP's
Maxine Waters was talking about "the Soviet aggression" just a few years ago.
richwicks says
Maxine Waters was talking about "the Soviet aggression" just a few years ago.
That cunt still thinks the Confederate States of America exists.
"the Soviet aggression"
When you, or anybody, references the CCCP or the USSR, you just look stupid. Maxine Waters was talking about "the Soviet aggression" just a few years ago. She was pillared for this, because it made her look fucking stupid,
The token BS name change means diddly squat. They retained Soviet anthem, they retained KGB in power, they keep worshipping fucking mass murderer Joseph Stalin and the mummy of another mass murderer - Lenin
You can't wipe your ass with CNN or an online copy of the NY Times though.
Did you know in the USSR it was basically mandatory to receive Pravda and Izvestia?
Users of M48 Patton (introduced 1952):
Greece: 390 M48A5 MOLF.
Germany: 20 Minenräumpanzer Keiler in service as of 2007
Iran: 180 M48A5.
Lebanon: 104 M48A5.
Morocco: 225 M48A5.
Poland: 4 Minenräumpanzer Keiler, transferred from Germany.
South Korea: Around 200 M48A3K and 400 M48A5K1/K2/KW are remaining in service with the Republic of Korea Army as of 2023.[94]
Taiwan: 450 CM-11, 100 CM-12[95]
Thailand: 105 M48A5PI.
Turkey: 758 M48A5T2 in service. All other variants, 2,250 pieces including the 1,389 M48A5T1 are phased out of active service.
One Tank can really fuck up a city
https://en.wikipedia.org/wiki/1995_San_Diego_tank_rampage
https://en.wikipedia.org/wiki/1993_Perth_tank_rampage (APC, not a tank)
The M60 is also still in service, a...
richwicks says
Did you know in the USSR it was basically mandatory to receive Pravda and Izvestia?
Resident Patnet Russia/USSR specialists strike again.
I lived in USSR for 20 yrs of my life, and we were not required to receive Pravda or Izvestiya. Neither did any of our friends.
I bet this is where you shut the fuck up.
I was born in USSR in one of the republics (not Ukraine), I speak Russian as good as my native language language, and I lived in USSR until it collapsed in 1991.
richwicks says
I bet this is where you shut the fuck up.
I think this is where you should shut the fuck up as you have no clue about what happened or happens over there, as evidenced by a lot of your posts.
Patrick who knows me personally, can verify that I am telling the truth.
richwicks says
The US destabilized that to
Bullshit. Prove with links
When the USSR existed, there was secret police and people couldn't exit the Soviet Union. There were travel restrictions imposed on everybody, people were forcibly located into areas in order to control them.
So your source is claim by Vladimir Putin. Bullshit squared, he started second Chechen war to get elected.
richwicks says
When the USSR existed, there was secret police and people couldn't exit the Soviet Union. There were travel restrictions imposed on everybody, people were forcibly located into areas in order to control them.
They have travel restrictions in Russia now. I believe you have to carry a passport or national ID in certain areas of Russia based on what I read in the news and heard on various news outlets.
I know they do identification checks in Russia, as that is commonly done by the police there.
I lived in USSR for 20 yrs of my life
Bd6r says
I lived in USSR for 20 yrs of my life
Where? When?
Just curious about your time under communism.
Onvacation says
Bd6r says
I lived in USSR for 20 yrs of my life
Where? When?
Just curious about your time under communism.
Onvacation
When?
1970 to 1991 when it collapsed.
Where?
Most of time in one of non-Slavic republics, and some time in Russia, mostly Moscow.
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https://www.globalpetrolprices.com/Russia/gasoline_prices/?source=patrick.net
Gas in Russia is cheaper than Gas in Qatar or Bahrain or Saudi Arabia.
Unable to buy $30/lb luxury Italian Cheese, $30/bottle midrange French Wines, expensive German Audio Equipment... what will the Russians do with themselves?
Eat local cheese, drink local beer, and buy the same audio equipment from China that's on Amazon USA