Russia Forecasts $1.5Bln Shortage in Excess Oil and Gas Revenue
Russia’s additional oil and gas revenues will fall short 113.6 billion rubles ($1.4 billion) below expectations in April, the Finance Ministry said Wednesday. The difference between expected oil and gas revenues and those received as of March totaled 39 billion rubles ($490 million), it said. To cover the expected shortage, Russia’s Finance Ministry uses a budget…