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Russia’s Finance Ministry reported a sharp 24% decline in oil and gas revenues in 2025, marking the lowest level since 2020 and adding significant pressure on the federal budget. E

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2026-01-16 ruble

Russia Budget Strained as Energy Revenues Hit Multi-Year Low

Russia’s Finance Ministry reported a sharp 24% decline in oil and gas revenues in 2025, marking the lowest level since 2020 and adding significant pressure on t...

2026-01-16 ruble

Russia’s Oil and Gas Revenues Fall to Five-Year Low

Russia’s revenues from the oil and gas sector dropped sharply in 2025 to their lowest level in five years, hit by lower crude prices, declining gas exports and...