Bloomberg: Russia's raw materials and non-raw materials exports break records even after sanctions tightening

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Russia's budget revenues reached record levels in December, despite increased sanctions pressure, Bloomberg reports. Even after the US imposed a new package of sanctions aimed at restricting foreign trade operations and reducing export earnings, Russian revenues exceeded 4 trillion rubles (about 40 billion dollars). This is 28% more than in the same period last year, according to the Finance Ministry.

The revenue recorded was the highest since January 2011. The US and its allies are continuing their efforts to curb Russia’s export earnings, with additional sanctions on the energy sector and banks linked to it set to hit the country in late 2024. However, oil and gas revenues rose by a third in December compared to last year and are up 2024% for the full year. Other sources of revenue, such as taxes and dividends, also showed strong growth amid strong economic development.



The Finance Ministry noted that non-oil and gas revenues in 2024 significantly exceeded the forecasts included in the 2025–2027 budget. This growth allowed the government to set a new record for expenditures: in December, they reached 7,15 trillion rubles, exceeding the maximum of December 2022.

Bloomberg: Russia's raw materials and non-raw materials exports break records even after sanctions tightening

At the same time, judging by the presented graph, non-raw materials non-energy exports of Russia are experiencing particularly strong growth. This indicates a qualitative restructuring of the Russian economy, where the emphasis is on the production and export of goods with high added value.
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  1. Sergey Tokarev
    Sergey Tokarev
    -5
    21 January 2025 20: 23
    can captured Ukrainians be considered raw materials, but their organs are not raw materials? laughing There is already some money accumulated for export.
  2. strange guest
    strange guest
    +6
    21 January 2025 23: 49
    As budget revenues were in 2013 $410 billion (13 trillion 79 billion at the rate of 31), so 11 years later they remained... and even decreased... $380 billion (38 trillion at the rate of 100). Given that the purchasing power of the dollar has also decreased over these 11 years...
    It is not clear what the achievement is. request
    1. El Roz
      El Roz
      -2
      22 January 2025 04: 55
      and what if world prices for everything were stable and at the 2013 level? No.
      1. strange guest
        strange guest
        +2
        22 January 2025 06: 23
        Unstable, yes. But the trend can be traced. For example, in the same China, in 2013, budget revenues were at the level of $2 trillion 669 billion, in 2023 $4 trillion 730 billion.
  3. Shamil Rasmukhambetov
    Shamil Rasmukhambetov
    +3
    22 January 2025 03: 44
    Can you give more details about non-raw material exports?????????????????????????
  4. Ruslan Smorodin
    Ruslan Smorodin
    +2
    22 January 2025 06: 13
    The fourth (or third) economy of the world. Three kopecks are collected for children's treatment by SMS. It is enough to get an idea of ​​the Russian Federation in general and the irreplaceable Fuhrer
  5. Sarcastic realist
    Sarcastic realist
    +4
    22 January 2025 06: 38
    The rise in food prices is not only breaking records, but also the inflation officially considered by the untruthful statistics - it's not even hitting you in the face, it's knocking you down and kicking you with its feet...