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Russian Oil and Gas Revenues Decline Amid Global Price Pressures
Russian Oil and Gas Revenues Decline Amid Global Price Pressures
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BTCCSquare news:
Russia's federal budget revenues from oil and gas plummeted 20.2% year-on-year in the first eight months of 2025, totaling just under 6.03 trillion rubles ($72 billion). The Ministry of Finance attributed the drop to weakening crude prices and escalating U.S. sanctions pressure on global buyers of Russian oil.
Non-oil tax receipts grew 14.3% during the same period, reaching 17.7 trillion rubles ($210 billion), as turnover taxes like VAT climbed 6%—reflecting cooling domestic demand and stabilized inflation. Finance Minister Anton Siluanov warned of further energy revenue risks if price erosion continues.
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