Russia loses money on decline in energy exports

Russia loses money on decline in energy exports

According to the data of the Federal Customs Service (FCS), in 2020, Russia lost significant revenues due to a decrease in energy exports amid the coronavirus pandemic and a drop in demand.

So, in January-October 2020, oil exports from Russia decreased by 11% to 199.862 million tons compared to the same period last year, the country's budget did not receive 41.1% or $ 60.326 billion, Prime reports.

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Vestnik Kavkaza

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