SCO & BRICS latest news and insights
— In-depth analysis and comments

In Russia Non Oil and Gas sector is the driver of revenue growth for large and medium-sized businesses

According to TASS, the revenue of Russia's non-resource sector large and medium-sized enterprises increased by 16.4% to 184.9 trillion rubles in 2023. Meanwhile, the revenue of oil and gas companies decreased by 3.3% to 65.8 trillion rubles, this was reported by the services analytics audit and cons...

Russia BRICS Trade Oil and Gas Economy
The share of oil and gas revenues in the Russian budget will grow again in 2024

By Rhod Mackenzie

The proportion of oil and gas revenues within the federal budget of the Russian Federation is expected to rise by the latter half of 2024, according to Oleg Abelev, the head of analytical department head at investment firm Ricom-Trust.

According to data from the Accounts Chambe...

Economics BRICS Russia Saudi Arabia Oil and Gas Budget