OREANDA-NEWS Oil and production industries in 2023 made a zero contribution to the growth of the Russian economy. This was stated by Maxim Oreshkin, assistant to the President of the Russian Federation, in an interview with Komsomolskaya Pravda radio.

"If you look at the growth structure, oil production last year was near zero. That is, the contribution to economic growth is zero. Mining industries have made a zero contribution to GDP," Oreshkin said.

As reported by TASS, the Ministry of Economic Development of Russia expects the first estimate of GDP growth in 2023 at the level of 3.5% in annual terms. However, as stated by the head of the MAYOR Maxim Reshetnikov, the final estimate may exceed the forecast and amount to 4%.

According to a preliminary assessment by the Ministry of Finance of the Russian Federation published in January, the federal budget of the Russian Federation in 2023 received 8.82 trillion rubles of oil and gas revenues, which is 822 billion rubles more than the base amount (8 trillion rubles). The total decrease in oil and gas revenues by 2022 amounted to 23.9%, the Ministry of Finance noted.

Earlier in late December, Russian Finance Minister Anton Siluanov reported that the federal budget had not increased dependence on oil and gas revenues, they account for about a third of revenues. Siluanov noted that mechanisms for fulfilling all budget obligations have been created for 2024, regardless of external market factors.