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Russia’s energy export revenues forecast to soar

Earnings are expected to reach $337.5 billion this year, Reuters reports

Russia will see a 38% year-on-year increase in energy earnings due to higher oil export volumes, coupled with rising natural gas prices, Reuters reported on Wednesday, citing a document from the German Economy Ministry.

According to the report, the country’s revenues are expected to jump to $337.5 billion this year, wh