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In August 2023, according to the IEA Oil Market Report, Russia's revenues from the export of oil and petroleum products increased by 11.8% compared to July and amounted to $17.1 billion, the highest level since October 2022 ($17.3 billion) and 3.4% lower than in August 2022. Oil production - 9.5 million barrels per day, supplies to China and India - 3.9 (4.7 in April and May). In Q1-Q2 2023, uranium exports from Russia to the US amounted to 416 tons ($696.5 million), 2.2 times more than in Q1-Q2 2022, the maximum amount since 2005. About 25% of the nuclear reactors in the US run on Russian uranium. The supply of nuclear fuel is one of the few areas that have not been affected by anti-Russian sanctions. In Q1-Q2 2023, according to the Ministry of Finance, the budget of Russia was executed with a deficit of 2.4625 trillion rubles against a surplus of 2.8295 trillion in Q1-Q2 2022. Revenues decreased by 3.5%, expenses increased by 18.6%. Oil and gas revenues decreased by 47%, non-oil and gas revenues increased by 10.3%. The share of oil and gas revenues decreased to 13.3% from 24.2%. In the first half of 2023, the export of passenger cars from China to Russia amounted to 325.8 thousand units worth $4.6 billion. In the same period of 2022 - 64.6 thousand ($715 million). Russia has become the largest export market for Chinese cars. In 2021, Chinese cars provided about 10% of all Russian imports of passenger cars, in 2023 - over 70%. In June 2023, according to the IEA Oil Market Report, Russia's estimated oil export revenues decreased by $1.5 bn (11.2%) compared to May 2023 and amounted to $11.8 bn, which is almost half compared to June 2022 ($20.4 bn). In Q1-Q2 2023, the estimated income from Russian oil exports was $77.4 bn (in Q1-Q2 2022 - $120.4 bn). More notes from Russia »
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Skanky Dada asks: Can I survive on 500 thousand rubles a month in Russia?
Expert's answer:
As of August 2023, most working people in Russia earn in the range of about 20,000-40,000 Rubles per month. With an income of 500,000 rubles a month, you can live in very comfortable conditions everywhere in Russia, including Moscow.

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Yuzhno-Sakhalinsk, Russia

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