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According to a document from the Russian Ministry of Economic Development obtained by British media, Russia's energy export revenue will increase to $337.
5 billion this year, an increase of 38%
over 2021, due to increased oil exports, coupled with rising gasoline prices.
Russia's energy export revenue is expected to fall to $255.
8 billion next year, but it will still be higher than $244.
2 billion
in 2021, Reuters reported on August 17, the document said.
It is predicted that the average gasoline export price will more than double this year to $730 per 1,000 cubic meters, and then the price will gradually decline until the end of
2025.
If Russia's energy revenues do achieve such growth, it could support
Russia's economy after Western sanctions.
But some analysts say that the growth in energy earnings can only partially compensate for the damage
caused by sanctions to Russia's overall economy.
"The impact of sanctions on the Russian economy is very uneven
.
In some areas, it is disastrous, such as the automotive industry
.
The oil industry is currently relatively unscathed
.
Janis Kluge, a senior researcher at the German Institute for International and Security Affairs, said
.
IT and finance are also two of Russia's most affected industries, as they are more closely linked to the West
.
After the outbreak of the Russian-Ukrainian conflict, Russia's Ministry of Economic Development predicted that the country's economy would shrink by more than 12%, and now the department predicts that the Russian economy will shrink less than expected - gross domestic product (GDP) will shrink by 4.
2% this year and real disposable income will fall by 2.
8%.
According to a CNN report on August 17, the current US natural gas price soared to the highest level in 14 years, while oil prices plummeted
.
In Europe, which is most constrained by Russian energy, its natural gas price is currently seven times
that of the United States.
