US EditionGas Revenues of the Russian Budget Collapsed to a Minimum in 5 Years
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4 Articles
The Russian budget is losing gas export revenue for the third year in a row as Gazprom's supplies to Europe renew at least half a century ago, and the pipeline to China, even after launching at full capacity, cannot make up for the lost revenue.
Russia's budget has been losing revenue from gas exports for the third year in a row. This is due to a record decline in Gazprom's supplies to the EU, while the pipeline to China is unable to compensate for the lost revenue, RBC-Ukraine reports, citing Reuters. By November 2025, the Russian budget had received 420 billion rubles ($5.4 billion) in gas export duties. Projected revenues by the end of the year are approximately 470 billion rubles ($…
Gas export earnings declined by 4 per cent, or 20 billion roubles, compared to last year.
On Tuesday, the board of directors of the Russian gas company Gazprom approved a 32 % reduction in investments by 2026, which will reach 1.1 trillion rubles (12.792 million dollars). "We have foreseen a financing of the investment program of 515 billion rubles less than this year, placing it at 1.1 billion rubles. I stress that we will continue with the planned execution of all key projects of Gazprom", reported the deputy director of the group,…
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