Extra oil and gas revenues attributable to the federal budget resulting from the actual oil price being above the base level is projected at RUB +176.5 billion in May 2021, Russia's Ministry of Finance informed.
The gap between the actual budget revenues from oil and gas and the projected monthly revenue from oil and gas combined with the gap between the estimated base revenue from oil and gas and base revenue from oil and gas in April 2021 was RUB 52.8 billion.
Therefore, the total amount allocated for the purchase of foreign currency is RUB +123.7 billion. The foreign currency will be purchased from May 11, 2021 to June 4, 2021, respectively, the daily purchases will amount to an equivalent of RUB 6.5 billion.
