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RBC: The revenue of Russian companies in 2022 for the first time in history exceeded quadrillion rubles KXan 36 Daily News

Date: June 19, 2024 Time: 00:40:38

As specified in the department, Russian companies for 2022 declared revenue in the amount of 1.268 trillion rubles (about 1.3 trillion). This figure is almost double the revenue of 2021, which amounted to 655 billion.

At the same time, it is noted that, despite the fact that revenues doubled, the profits of companies increased by only 5.9 percent, from 29.4 trillion rubles in 2021 to 31.1 trillion. With inflation running at 13.8 percent in real terms, this number actually decreased.

Experts explained this discrepancy by the increase in trade costs under Western sanctions. After all, income is considered the sum of income from income tax returns, and profit, respectively, the difference between income and expenses from the same returns.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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