Part 1/7:
The Future of Russian Energy Revenues: A Decline in the Shadow of War
Since Russia's invasion of Ukraine, the nation’s energy economy has shown unexpected resilience, continuing to generate substantial profits even amidst widespread Western sanctions. However, a draft budget prepared by the Kremlin reveals an anticipated 14% decline in energy revenues over the next two years. This article delves into the current situation of Russia's energy sector, the factors sustaining its revenues so far, the anticipated decline, and the potential ramifications for the Russian economy.