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<title>Russia&#x26;#x27;s oil and gas revenue rises 32% y/y to $9.26 billion in May, data shows</title>
<link>https://freerepublic.com/focus/f-news/4382260/posts</link>
<description>Russia&#x26;#x27;s oil and gas tax revenue, which accounts for around a fifth of &#x26;#x200B;total budget income, increased by 32.4% year-on-year in May &#x26;#x200B;to 678.9 billion roubles ($9.3 billion), Finance Ministry data showed &#x26;#x2060;on Wednesday, thanks to a global oil price rally fuelled &#x26;#x200B;by the Middle East war. Revenue declined by 20.7% from April, when &#x26;#x200B;the budget received additional payments from profit-based tax, paid cyclically. Russia, the world&#x26;#x27;s third-largest oil producer and exporter after the U.S. and Saudi Arabia, &#x26;#x200B;has been one of the main beneficiaries of the rise in &#x26;#x200B;oil prices after the U.S.-Israeli war in Iran began at the...</description>
<author>REUTERS</author>
<comments>https://freerepublic.com/focus/f-news/4382260/posts#comment</comments>
<pubDate>Thu, 4 Jun 2026 03:35:32 GMT</pubDate>
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<title>Ukraine Strikes St. Petersburg on First Day of a Marquee Putin Event</title>
<link>https://freerepublic.com/focus/f-news/4382169/posts</link>
<description>Ukrainian drones on Wednesday attacked St. Petersburg, Russia&#x26;#x2019;s second-largest city, on the opening day of an annual economic conference that President Vladimir V. Putin has tried to cultivate into a showcase of a modern and prosperous country. It was the second time in a month that Ukraine had struck a major Russian city before an event important to Mr. Putin, as Kyiv expands a campaign of long-range strikes aimed at inflicting economic damage on Russia and demonstrating its vulnerability to attacks. In early May, Ukrainian forces hit sites in Moscow, including a high-rise apartment building near the city center, days...</description>
<author>New York Times</author>
<comments>https://freerepublic.com/focus/f-news/4382169/posts#comment</comments>
<pubDate>Wed, 3 Jun 2026 12:54:02 GMT</pubDate>
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