Russia's oil export revenue increased by 28.6% to $57.1 billion in the first seven months of 2021 compared to the same period of 2020, data from the Russian Federal Customs Service showed on Thursday.
According to the data, the volume of oil exports in the country fell by 10% to 130 million tons in the first seven months of the year compared to the same period last year.
Oil and gas exports account for about 40% of the federal budget in Russia.
The natural gas export revenue of the country's gas giant, Gazprom, also fell by 52.6% to $9.7 billion in the January-May period of 2021 compared to the same period last year.
Gazprom's natural gas export revenue increased by 84% in the January-July period of the year compared to the same period of the previous year, reaching $23.6 billion.
Reporting by E. Gurkan Abay in Moscow
Writing by Murat Temizer