According to the statement released Wednesday on the Finance Ministry’s website, the revenues in question reached 24.9 trillion rubles (approximately $323.4 billion).

“Non-oil and gas revenues in the federal budget totaled exactly 24.871 billion rubles, representing an 11,3% year-on-year increase,” the statement specified.

It also noted that revenues from sales taxes, including value-added tax (VAT), increased by 5,6% year-on-year from January to November, reflecting the trends of cooling domestic demand and inflation.

Non-oil and gas revenues from January to November of this year were above their baseline level; however, there are risks of a decline due to the weakening price environment, the Ministry of Finance emphasized.

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