The oil and gas sector is among principal sectors of the Russian economy and is the driving force in shaping the state budget revenues and the trade balance. In 2016, Russia's crude oil production hit an all-time peak since 1990, and crude oil exports were close to an all-time high. Under the...

Oil and gas production remain the core sector of Russia economy, which has a leading role in generating federal budget revenue and this country's balance of trade. The factors that exerted the most significant influence on the development of the oil and gas sector of the Russian economy in 2012...

Oil and gas production remain the core sector of Russia economy, which has a leading role in generating federal budget revenue and this country's balance of trade. The factors that exerted the most significant influence on the development of the oil and gas sector of the Russian economy in 2011...

Price growth of gasoline on Russian domestic market in the wake of declining world crude oil prices is due to the ruble's devaluation and excise rate growth. In Russia, the share of indirect gasoline taxes has gone up from 30–40% to 35–45% over last two years. Regarding the share of taxes in...

The oil and gas sector is playing an important role in the income generation for the state budget and Russia's trade balance. In 2017, the volumes of crude oil production somewhat fell owing to Russia's commitments to curb production as a result of the oil output cut agreement between some OPEC...

Petroleum complex is Russia's basic economic sector which is playing a leading role in providing the state budget revenues. This paper is dedicated to the main issues of the government petroleum tax policy in Russia. The author analyses the outcome of the implemented petroleum tax reform and...

Oil and gas sector remains the backbone of the Russian economy and produces the lion's share of the state budget revenues and of the trade balance. Acute oil price fluctuations which took place on the free market, reduction in demand for gas, as well as objective fall in the oil and gas...

This article deals with a wide choice of issues related to macroeconomic production. Characteristic feature of 2006-2007 was economic growth acceleration rates along with positive effect of foreign economic situation factors and internal economic activity. Increase in business activity was based...

The oil-and-gas sector has continued being the cornerstone to Russia's economy and as such it plays a pivotal role in forming the state budget revenue and the nation's balance of trade. In 2010, it was the situation in the global oil market, the one in the European gas market, and an objective...