Russia's oil and gas revenues have fallen by 20% in nine months

Russia's federal budget revenues from oil and gas have fallen by 20.6% year-on-year over the first nine months of 2025.

Source: The Moscow Times, an independent Amsterdam-based news outlet, citing Russia's Ministry of Finance

Details: In September, Russia's energy revenues amounted to RUB 582.5 billion (about US$7.1 billion), down 24.5% compared to a year earlier, though 15.3% higher than in August.

Since the beginning of the year, Moscow has received RUB 6.61 trillion (about US$81 billion) from oil and gas sales. In 2024, the figure exceeded RUB 8 trillion (about US$98 billion).

Background: The Russian government expects contributions from the oil and gas sector to the state budget this year to fall to their lowest level since the 2020 pandemic due to declining fuel prices and a stronger rouble.

Read also: Stagflation and an impoverished population: how the Kremlin is paying for the war against Ukraine

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