Russian Finance Minister Anton Siluanov claims that the budget of the aggressor country Russia will receive an additional 200 billion rubles due to the US-Iran conflict in the Middle East.
Points of attention
- Kremlin's knack for profiting from external conflicts evident once again.
- Anton Siluanov acknowledges that recent revenue receipts and shortfalls have been at par, with the budget underpaid by 200 billion rubles.
The Kremlin has once again managed to profit from someone else's war
According to the Russian minister, additional profits for the Russian Federation were provided by the rapid increase in oil prices.
Despite this, Anton Siluanov publicly admitted that the levels of revenue receipts and shortfalls over the past two months have been the same.
In general, the enemy's budget simply compensates for the corresponding losses.
According to Siluanov, the budget has underpaid 200 billion rubles over the past two months.
What is important to understand is that oil prices increased sharply after the start of the war between Iran and the United States due to the closure of the Strait of Hormuz.
Amid the rapid escalation in the Middle East, the price of a barrel at auctions in late April exceeded $120.
Russia's oil export revenues nearly doubled in March to $19 billion, according to a monthly report from the International Energy Agency (IEA). Bloomberg writes that Russia earned more from oil exports than during the surge in oil prices after the war in Ukraine began.
