Russia could earn $9 billion from oil sales in April alone.

VTV.vn - Russian oil and gas revenues in April are expected to surge, potentially reaching $9 billion, thanks to higher Urals oil prices amid global supply disruptions due to Middle East tensions.

Oil storage tanks at Russia's Novokuibyshevsk oil refinery. Photo: TASS/VNA

Conflict in the Middle East is inadvertently benefiting Russia's energy sector, with oil tax revenues in April expected to double to around $9 billion, according to Reuters calculations.

The main impetus comes from the fact that the price of Urals crude oil – Russia's key export crude – has jumped to an average of $77 per barrel, more than 70% higher than the $59 per barrel threshold projected in Moscow's budget this year.

The Kremlin says the country is receiving a large number of energy purchase requests to compensate for disruptions to supplies passing through the Strait of Hormuz. However, economists warn that the budget deficit pressure in the first quarter remains high and that oil revenues are not yet sufficient to fully offset it.

The Russian Finance Ministry announced on April 8 that Russia recorded a budget deficit of 4.58 trillion rubles, equivalent to 1.9% of its gross domestic product, during the period from January to March 2026.

In addition, Ukrainian attacks on Russian energy infrastructure also reduce revenue and threaten to cut oil production.

Analysts believe that while high global oil prices bring significant revenue to the Russian budget, risks to domestic infrastructure pose a difficult challenge for the country. Maintaining high oil revenues while simultaneously dealing with damage to strategic infrastructure will be a key factor determining Russia's financial viability in the coming period.

Source: https://vtv.vn/nga-co-the-thu-9-ty-usd-tien-dau-chi-trong-thang-4-100260410151929504.htm