Russian oil supplies in 2022 increased by 7%

In 2022, oil exports from Russia increased by 7%, Deputy Prime Minister Alexander Novak said during a meeting led by Prime Minister Mikhail Mishustin. - Despite the actions of unfriendly countries, sanctions restrictions, oil production at the end of last year amounted to 535 million tons - this is 10 million tons higher than in 2021, or plus 2%.

Exports also increased by 7%," Novak said. Budget revenues from the oil and gas industry increased by 28% - 2.5 trillion rubles.

At the same time, the Ministry of Finance predicted that in January 2023, the volume of lost oil and gas revenues of the federal budget will amount to 54.5 billion rubles.

Bloomberg estimated that the ceiling on Russian oil prices introduced in 2022 costs Russia $160-172 million in lost revenue per day.

According to Reuters interlocutors, after the introduction of a ceiling on energy prices from Russia, at least four Chinese supertankers transported Russian Urals oil to China. Deliveries to Asia cost Moscow more than to the European Union, but transportation by supertankers can reduce costs.