High oil prices in ruble terms support the budgets of companies and the state, inasmuch as they provide high ruble revenues to the budget and support macroeconomic stability.

It is noted that oil is trading at the highest values in ruble terms for several years. This is positive for the budget. According to experts, thanks to the high level of the ruble price of a barrel, it is possible to quickly accumulate the resources of the NWF, which can be used to finance the budget deficit. The increase in revenue, in turn, contributes to a progressive increase in taxes in ruble terms, which is also positive for the budget.

Additionally, the high price of oil enables the state to accumulate additional revenues and implement a larger and more effective policy to restore the country’s economy and ensure macroeconomic stability. Also, the current situation with the high ruble price of oil turned out to be beneficial for Russian oil companies, insofar as their main expenses are carried out in rubles, and incomes come in foreign currency.