INSUBCONTINENT EXCLUSIVE:
Russian companies declared more than 1 quadrillion rubles ($15 trillion) in 2022 revenue for the first time in the country's history, the
according to tax service data
despite the surge in revenues, overall company profits grew by a modest 5.9%, from 29.4 trillion rubles ($350 billion) in 2021 to just over
Western sanctions.Company revenues are expected to shrink in 2023 due to production cuts made in response to Western price caps and
embargoes on Russian oil and gas, analysts told RBC.
