Russia’s revenues from its main tax-generating source of petrodollars almost doubled between April and October to $11.3 billion in October, accounting for 31% of the nation’s overall net budget revenue for the month, according to Bloomberg calculations that are built around Russian finance ministry data, but smooth out profit-based tax revenue.
Moscow’s monthly income from oil exports is greater now than before the special military operation in Ukraine began, highlighting the failure of sanctions.
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