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Russia’s Oil and Gas Revenues Plunge for Third Straight Month

Summary by The Moscow Times
Russia’s oil and gas revenues fell sharply for the third consecutive month in July, driven by weaker oil prices and a stronger ruble, the Finance Ministry reported.

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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.

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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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histoireetsociete.com broke the news in on Tuesday, August 5, 2025.
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