Coronavirus brought down Russia’s revenues from oil

From January to may, Russia received from the sale of oil by a third in less than a year ago

Amid coronavirus crisis, which came after the epidemic of the disease COVID-19, in Russia collapsed, exports and, accordingly, income from the sale of oil.

Angi reported, citing data released by the Federal customs service (FCS).

Thus, in comparison with may of last year Russian oil exports in may 2020 in monetary terms decreased by 2.7 times and amounted to 3,604 billion. Just this month it sold 19,261 million tons of oil.

In addition, though not as much as in April, when it was worth less than zerobut collapsed and the price of Urals crude oil – the basis of Russian exports. Its price in may was of 31.03 per barrel – almost 2.3 times less than a year ago (70,93 dollars).

In addition, in the first five months of this year Russia exported 104,44 million tons of oil (3.3% less compared to the same period last year), having 33,677 billion (32.6% less).