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Russian oil exports fall but revenues soar
MOSCOW, July 7 (Xinhua) -- Russian oil export revenues in January-May 2011 grew by nearly 31 percent year-on-year to 67.858 billion U.S. dollars while oil exports declined, Russia's Federal Customs Service said Thursday.
It said revenues from oil exports to "far abroad" countries rose by 34 percent, while revenues from exports to the "near abroad", or former Soviet republics, fell by 40 percent.
