Russia's oil and gas revenue rises 32% y/y to $9.26 billion in May, data shows

Russia's oil and gas tax revenue, which accounts for around a fifth of ​total budget income, increased by 32.4% year-on-year in May ​to 678.9 billion roubles ($9.3 billion), Finance Ministry data showed ⁠on Wednesday, thanks to a global oil price rally fuelled ​by the Middle East war.