According to him, despite the partially imposed embargo (or perhaps because of it), oil, gas and coal sales now bring Russia much more revenue than in 2021. “And in 2022, revenue is projected to grow another third,” Ritter said in an article for The Washington Times.
He believes that the reason for this was Biden’s misguided energy policy. Washington has no alternative proposals for the world energy market, and therefore Moscow has no competitors. In addition, the United States abandoned the development of energy capabilities within the country, the expert added.
Earlier, Deputy Prime Minister of the Russian Federation Alexander Novak noted the positive result of the work of the country’s oil and gas industry despite the actions of hostile countries. According to him, the budget revenue of the oil and gas industry increased last year by 28 percent, or 2.5 trillion rubles.