Revenues from sales of Russian crude oil abroad increased by 21.5% in the first six months of 2021 compared to the same period last year, according to data revealed by Russia’s Federal Customs Service.
In monetary terms, the country exported $47.63 billion worth of crude. However, the volume of oil exports totaled 88.2 million tons, marking a decline of nearly 12%. The drop is attributed to production cuts agreed upon by Russia with the Organization of the Petroleum Exporting Countries (OPEC).
Also on rt.com US imports more Russian crude despite targeting country’s energy sector with sanctionsIn June, Russian crude exports grew 11.5% compared to the previous month, reaching 22.65 million tons. In monetary terms, June’s month-over-month exports increased by 22.9%, to $10.9 billion.
Revenues from exports of liquified natural gas (LNG) from January to June 2021 fell by 15.9% to $3.301 billion against the same period a year ago. Meanwhile, physical volume of LNG exported in the indicated period saw a year-on-year growth of 7.3%, reaching 35.3 million cubic meters.
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