US EditionRussia's Oil and Gas Revenues Face Significant September Decline
3 Articles
3 Articles
The Russian state is heavily financed by the oil and gas businesses. Forecasts in the industries see a decline in revenue of just under 25 percent. The Kremlin's war of aggression in Ukraine is driving up expenditures. The budget is shaking. For Russians, life could become more expensive.
Russia's Oil and Gas Revenues Face Significant September Decline
Russia’s revenues from oil and gas are expected to plunge in September by 23% from a year earlier, as international crude prices have declined and the Russian currency has strengthened, calculations by Reuters showed on Thursday. The decline is not good news for Russia, which is currently planning its 2026 budget and continues to spend heavily on the war in Ukraine. Russia’s oil and gas sales are expected to bring the Kremlin $7.11 billion (59…
Russia's Oil and Gas Revenue Decline in September
Russia’s oil and gas sector, a cornerstone of its economy and a key funding source for the ongoing conflict in Ukraine, is facing a sharp downturn this month. According to estimates, revenues from these exports are projected to plummet by 23% year-on-year to approximately $7.11 billion (592 billion rubles) in September 2025. This decline, driven by falling global crude prices, a strengthening ruble, and persistent geopolitical pressures, undersc…
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