On oil and gas income and realization of operations related to buying/selling of foreign currency in the domestic currency market

The expected volume of forgone oil and gas revenues of the federal budget (connected with excess base price for oil over the factual price) is forecasted in the amount of 47.8 billion rubl in July 2020.

The total deviation of actually received oil and gas revenues from the expected monthly volume of oil and gas revenues and the estimate of the base monthly volume of oil and gas revenues from the base monthly volume of oil and gas revenues by the end of June 2020 was - 77.8 billion rubles.

Thus, the total amount of funds allocated for the sale of foreign currency is 125.6 billion rubles. Operations will be conducted in the period from July 8, 2020 to August 6, 2020, respectively, the daily volume of sales of foreign currency will be equivalent to 5.7 billion rubles.