If. war on Middle East Russia's revenues from raw materials exports could increase to $386.6bn, allowing the Kremlin to receive an additional $250bn for its military operations against Ukraine.
Russia's growing revenues from the war in the Middle East
According to estimates Ukrmedia news, According to the report, a prolonged war in the Middle East could significantly increase Russia's revenues from oil and gas exports. If the conflict lasts until September, oil prices could rise to $150-200 per barrel.
In this case, Russia will earn about $386.6bn from raw materials exports by the end of the year. The Kremlin's tax revenues from raw materials trade will reach $212.5bn.
Scenarios and impact on Russia's revenue
If the war in Iran ends by mid-April, oil prices will rise to $100 per barrel. In this case, Russia will receive $169bn from oil exports and another $50bn from gas sales, which is $84bn more than expected.
If the war drags on until the end of May, oil prices will temporarily rise to $140, but will quickly fall. Under this scenario, the Kremlin will receive an additional $161.3bn, while government revenues will increase by $97bn.
Context.
According to Axios, The additional revenues from raw material exports could be used by Russia to finance its war against Ukraine. The rise in energy prices is directly related to the duration of the conflict in the Middle East.
The Kremlin's increasing revenues create additional challenges for the international community, which is trying to limit Russia's financial resources.
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