THE ROLE OF QUALITY OF EXPORTED ENERGY RESOURCES IN NEUTRALISING THE INFLUENCE OF SANCTIONS PRESSURE ON ENERGY REVENUES OF THE RUSSIAN FEDERATION
Daria A. Peratinskaya,
Natalia A. Shchukina,
Liana S. Sagatelova,
Irina A. Tarasova,
Oksana A. Avdeyuk
Abstract: The article evaluates the impact of external shocks on the energy revenues of the Russian Federation, particularly the oil and gas revenue of the federal budget. The authors analyze the value of fuel and energy products exported from Russia for 2021-2023 - before and after sanctions imposed by Western countries. Despite the reduction in energy supplies to the Russian Federation, the country has managed to re-orient its supplies towards the East. In particular, Russia has increased exports of oil and gas products to China and India. This export diversification has made it possible to ensure steady revenues for the country's federal budget. It has had a beneficial effect on its financial security. In addition, the authors have considered the issues of the federal budget deficit and public debt. These indicators are significantly lower compared to similar indicators in developed and developing countries, which also contributes to the stability of the financial situation. The authors concluded that the level of financial stability remains high due to the successful re-orientation of external supply sources and changes in domestic production. It also positively affects the main macroeconomic indicators of Russia.
Keywords: Economy, Sanctions, GDP, Exports, Oil, gas, Russia, Federal budget, Oil and gas revenues, Non-oil and gas revenue, deficit, Public debt
DOI: 10.24874/IJQR20.01-16
Recieved: 17.04.2025 Accepted: 10.24874/IJQR20.01-16 UDC:
Reads: 58 
