Russia's oil and gas budget revenue drops 24% in 2025

Summary

Russia's federal budget revenues from oil and gas fell by 24% in 2025, reaching 8.48 trillion roubles ($108.03 billion), the lowest since 2020. This decline was attributed to an 18% drop in oil prices amid oversupply concerns. The revenues were also below the finance ministry's revised expectations of 8.65 trillion roubles.

Recent Coverage

• Russia’s Oil and Gas Revenues Are Set to Plunge 46% in January

  OilPrice.com • Jan 20

• Russian oil and gas revenues plunge as lower prices and sanctions bite

  Upstream Online • Jan 19

• Russian Oil and Gas Revenues Drop to 5-Year Low

  Energy Intel • Jan 16

• Russian Oil and Gas Revenue Falls to Lowest in 5 Years

  RigZone • Jan 16

• Russia’s oil and gas budget revenue falls 24% to lowest since 2020

  Oil and Gas 360 • Jan 15