Vladimir Putin, during a meeting with the head of the Federal Fiscal Service, Daniil Yegorov, indicated on Thursday that "despite the problems that our detractors and envious people try to create for us, even so, the increase in the budget is progressing at an adequate pace, oil and gas revenues are growing."
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The Russian president emphasized, "the most pleasant thing is that non-oil and gas revenues are also growing lately, as far as I know, by 24 percent." Putin believes that these data confirm the stabilization of Russia's economic indicators. However, he acknowledged that there are risks that have not disappeared in the medium term.
On the other hand, Daniil Yegorov revealed that Russia's consolidated budget grew by 32 percent in the first half of 2022, adding that revenues from the sale of gas and oil and high hydrocarbon prices contributed to the growth of Russia's financial resources.
This news comes to light while the U.S., the European Union (EU), and other Western states and organizations have imposed several packages of sanctions against Russian gas and oil in response to Moscow's military operation in Ukraine to demilitarize and denazify the Slavic country.