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Page added on December 18, 2020
Putin Says Russia Reducing Dependence on Oil and Gas
President Vladimir Putin said Thursday that the Russian budget was becoming less dependent on oil and gas, key exports for one of the world’s dominant petro-economies.
Putin told reporters during a marathon end-of-year press conference it was clearly positive that, “70 percent of the Russian budget is not formed by oil and gas revenues”.
“We are not completely there, but still we are starting to get off the so-called oil and gas needle,” he said.
The Russian leader acknowledged however that his country’s dependence on hydrocarbons was “still very high.”
Russia is the world’s second largest oil exporter after Saudi Arabia and its budget is heavily reliant on hydrocarbons.
During peak oil prices in the 2000s, Moscow drew almost half of its revenue to the federal budget from oil.
The share of hydrocarbon revenues was 40 percent of the 2019 budget, according to state news agency TASS.
Kremlin spokesman Dmitry Peskov earlier this year said the country’s economy was weening itself off oil and gas but noted the trend was not continuing as “rapidly as we would like”.
Global oil prices stood at $70 per barrel at the start of this year, but fell dramatically over the coronavirus pandemic and the Russia-Saudi Arabia price war in the spring.
The current price of oil is around $50 a barrel.
www.naharnet.com/stories/en/277731
16 Comments on "Putin Says Russia Reducing Dependence on Oil and Gas"
dissident on Sat, 19th Dec 2020 10:45 am
Putin is referring to the narrow budget. The consolidated budget fraction of oil and gas derived taxes is under 16%. And while we are at it with this story, funny to see all the “economics experts” selectively forget comparative advantage. Using resource rent taxes instead of income taxes is obviously better for the economy. So all the whiners who go on and on about how Russia is a gas station posing as a country are totally full of sh*t. Thanks to oil and gas exports Russians pay a flat 13% income tax. Enjoy your “progressive taxation” suckers.
Duncan Idaho on Sat, 19th Dec 2020 11:04 am
Mitch McConnell is holding your community hostage until corporations are able to kill you without consequence
(A repug wet dream)
Duncan Idaho on Sat, 19th Dec 2020 2:03 pm
Every Time You Listen to Bing Crosby’s “White Christmas,” About Five People Have Died From Coronavirus Between the Beginning and the End of the Song.
makati1 on Sat, 19th Dec 2020 3:57 pm
Duncan: In the less than five minutes of “White Christmas”, means that, since March 11th, over 350,000 deaths was CAUSED BY the CV19 flu. Are you talking US or World stats?
If US, then you are way off. Even the CDC admits that only about 6% of the CV19 deaths were actually caused by the virus. Not the blown up lies they feed the serfs.
350,000 would equal the top killer in the US, heart disease. Be more specific and not try to promote fear to the uneducated masses in Amerika.
BTW: about 3,000,000 people die in Amerika every year, mostly from a self inflicted lifestyle, obesity and drugs.
Duncan Idaho on Sat, 19th Dec 2020 6:45 pm
“I realize that much of what Trump does is nothing more than a grift. And maybe this is just another one of his ploys to keep the rubes sending their social security checks to his “Stop the Steal” con. It’s certainly possible.
It’s also possible that he’s very, very stupid and very, very psychologically damaged and he simply cannot accept this monumental loss. The first is bad, the second is kind of terrifying. He’s still the president of the most powerful nation on earth.”
duncan donuts on Sat, 19th Dec 2020 7:07 pm
Geezus fucking christos, fool, Duncan you described yourself perfectly!!!
“It’s also possible that he’s very, very stupid and very, very psychologically damaged.”
zero juan on Sun, 20th Dec 2020 3:21 am
duncans way more smarter then you duncan donuts. You ignorant hypocritical stupid dumbass lunaticical fuckwak.
zero juan on Sun, 20th Dec 2020 3:38 am
Widdle could only imagine your Ppeeeeee is as big as juanpees Ppeeee is duncan.
Love,
widdle davy.
(please let me pretend your cumin in my mouth)
Old freind
Fanny Schmeler on Sun, 20th Dec 2020 7:30 am
Time to start cooking the Jews!
zero juan on Sun, 20th Dec 2020 9:12 am
Ppeee juan, you are a stupid fuck. Please be silent
Fanny Schmeler said Time to start cooking the Jews!
FamousDrScanlon on Sun, 20th Dec 2020 9:00 pm
Fanny Schmeler why don’t you start the burning with Trump’s kike whore daughter, criminal
FamousDrScanlon on Sun, 20th Dec 2020 9:10 pm
Fanny Schmeler, why don’t you start the burning with Trump’s race tratior, kike-whore daughter, his criminal Hymie son in law & Trump’s mud blood grand-kikes.
Let me know when you’re ready – I have a $100 QuickTrip gas card I’ll send ya to help start the fire.
https://youtu.be/ZQMJHZ3y8A8
supertards im on permanent retirement but im working see this open letter to whitey supertard president putin on Thu, 24th Dec 2020 12:16 pm
dear whitey supertard president putin taco supreme. i think my open letter is not read
when are u gona amputate whitey supertard atheistic scientific supremacist thunderf00t?
how come ur intelligence agencies haven’t captured and amputated this whitey supertard?
when this whitey supertard went on self imposed convict-19 quarantine back in march i said it smells
can’t believe the scamdemic plandemic event 201 convict-19 has been happening IRL this long
ask urself if someone who speaks high british english exclusively does he love supremacist muzzies of course he does
please suckle the muzzies dik
please drink the muzzie milk
please speak low english
and last but not least please change ur undies after 5 days to stop spread of convict-19
we’re all in this together
change ur undies after 5 days president putin. do it for urself and for everyone
supertards im on permanent retirement but im working see this open letter to whitey supertard president putin on Thu, 24th Dec 2020 12:21 pm
why did u kill whitey supertard Kary Mullis president putin supreme taco? please answer
dear whitey supertard president putin taco supreme. i think my open letter is not read
when are u gona amputate whitey supertard atheistic scientific supremacist thunderf00t?
how come ur intelligence agencies haven’t captured and amputated this whitey supertard?
when this whitey supertard went on self imposed convict-19 quarantine back in march i said it smells
can’t believe the scamdemic plandemic event 201 convict-19 has been happening IRL this long
ask urself if someone who speaks high british english exclusively does he love supremacist muzzies of course he does
please suckle the muzzies dik
please drink the muzzie milk
please speak low english
and last but not least please change ur undies after 5 days to stop spread of convict-19
we’re all in this together
change ur undies after 5 days president putin. do it for urself and for everyone
supertards im on permanent retirement but im working see this open letter to whitey supertard president trump on Thu, 24th Dec 2020 12:29 pm
dear whitey supertard president trump
why are u mandate inject of muzz-19 which has a lot of semen from dropout-19
i disagree with the mRNA muzz-19. in order to activae genes on 4 billion cells u’d need gallons of mRNA. there’s only one way as far as i know how to do that and it’s using the sex linked genes for low lifetime and high sexual frequency
please arrest all muzz-19 and convict-19 conspirators. put them on trail and have the people shoot them
president trump. please change ur undies after 5 days to prevent convict-19
Duncan Idaho on Thu, 24th Dec 2020 12:44 pm
Golf Tab To $151.5 Million–
(Bankruptcy and Golf seem to be the Fat Boy’s best pursuits)
https://www.huffpost.com/entry/trump-151-million-golf_n_5fe3bc61c5b6e1ce83383074