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Increased demand from China and India has allowed Russia to maintain its pre-Ukraine invasion production levels, according to the International Energy Agency.
Many economists say suspending federal taxes on gas will not significantly cut prices for consumers.
With China and India buying the Russian oil shunned by the West in an effort to force an end to the Ukraine invasion, Moscow is earning more now than it did before the war.
In the first 100 days of the war in Ukraine, Russia earned 93 billion euros ($98 billion) from fossil fuel exports, most of which were shipped to the Europ
Russia has sold fossil fuels worth 46.6 billion euros to European Union countries since the start of the war in Ukraine on February 24 this year, according