Oil and gas income has always played an important role for the Russian economy and its budget. For decades the Russian economy can be described as “raw material export-oriented” one.
Oil and Gas Revenues in the Budget of the Russian Federation
During the past years of the twenty-first century, oil and gas income has become the most significant source of federal budget revenues (Table 1).
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References
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Sidorova, Y. (2016). Oil Reserve Fund. In: Tiess, G., Majumder, T., Cameron, P. (eds) Encyclopedia of Mineral and Energy Policy. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-40871-7_118-1
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DOI: https://doi.org/10.1007/978-3-642-40871-7_118-1
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