Impact of the rouble exchange rate and oil prices on Russian budget revenues

Factor contributing to ↑growth and ↓decline in budget revenues

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* Data for Jan.–Oct., exchange rate and Urals based on preliminary estimate from the Central Bank's macro survey.

Chart: CedarSource: Ministry of Finance and Central Bank of the Russian Federation. Data includes basic oil and gas revenues, as well as additional revenues that are transferred to the National Welfare FundCreated with Datawrapper