Russia’s Oil and Gas Revenues Plunge for Third Straight Month
7 Articles
7 Articles
Russia's oil and gas revenues fell sharply for the third consecutive month in July, the Russian Finance Ministry said. It attributes the decline to falling oil prices and a strengthening ruble. In total, the Russian government earned 787.3 billion rubles (209 billion crowns) in oil and gas taxes in July, a 28% year-on-year drop.
Revenues of the federal budget of the Russian Federation from oil and gas in July 2025 amounted to 787.3 billion rubles, which is 28% less than last year.
In July, Russia's oil revenues fell by a third compared to last year. This was due to a decrease in world prices for crude oil, RBC-Ukraine reports, citing Bloomberg. Oil taxes in Russia in July fell by almost 33% to 710.4 billion rubles (about $8.9 billion). In total, oil and gas revenues amounted to 787.3 billion rubles, which is 27% less than a year ago. These industries provide about a third of all budget revenues, and their decline increase…
In July 2025, Russia suffered a significant decline in oil and gas revenues.
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