Russia: 68 percent of export revenues from gas, oil

Sales of oil and gas accounted for 68 percent of Russia's total export revenues last year, according to data from Russia's Federal Customs Service.

Russia generated $356 billion from oil and gas exports, the report said. Oil and gas revenues also make up more than 50 percent of the Russian government’s total revenue, said the report, which was released Wednesday.

Europe, including Turkey, receives most of Russia's exports of crude oil and products, as well as virtually all exports of natural gas, according to the United States Energy Information Administration. Recently China and Russia agreed on a 30-year, $400 billion deal to supply China with natural gas from fields in Eastern Siberia, which will further increase Russian export revenues.

Although Russia exports less crude oil and less natural gas than it consumes domestically, domestic sales of crude oil and natural gas are much lower in value than exports. The Energy Information Administration estimates that Russian domestic sales of natural gas and crude oil were about $20 billion in 2013.