The first losses of the Russian budget that were incurred as a result of the "oil war" that began after the OPEC + countries could not agree on a reduction in the production of "black gold" became known.
As follows from the message that appeared on the website of the Ministry of Finance, the department predicts that due to the excess of the base oil price over the current market price, in April the federal budget is expected to receive oil and gas revenues in the amount of 55,8 billion rubles.
The Ministry of Finance also announced losses incurred by the country's budget in March: the total deviation of actually received oil and gas revenues from the expected monthly volume of oil and gas revenues and estimates of the base monthly volume of oil and gas revenues from the base monthly volume of oil and gas revenues for the month amounted to 22 billion rubles.
The Finance Ministry explained that the budget deficit will be eliminated through the sale of foreign currency in the amount of 77,8 billion rubles from April 7, 2020 to May 12, 2020, respectively, daily foreign currency sales will amount to the equivalent of 3,5 billion rubles.
It is worth noting that as a result of the collapse in oil prices, losses are borne not only by Russia, but also by other countries involved in oil production, primarily Saudi Arabia and the United States.