Russia's Oil and Gas Revenues Hit Five-Year Low

Russia's federal budget revenues from oil and gas plummeted by 24% in 2025 to the lowest point since 2020. The Finance Ministry reported that these revenues, vital for the budget, dropped to 8.48 trillion roubles, marking a significant decline compared to previous years.

In a significant development, Russia's federal budget revenues from oil and gas plunged by 24% in 2025, reaching the lowest level observed since 2020, according to data from the Finance Ministry. The dramatic decrease emphasizes concerns over the country's economic reliance on these sectors.

The Finance Ministry revealed that oil and gas revenues, which contribute approximately a quarter to state budget inflows, fell to 8.48 trillion roubles ($108.03 billion) last year. This marks a stark contrast to the 11.13 trillion roubles recorded in 2024, highlighting a precarious fiscal situation.

A historical comparison draws parallels to 2020 when revenues similarly declined to 5.24 trillion roubles due to the COVID-19 pandemic and a plunging oil market. Specifically, in December 2025, oil and gas revenue dipped to 447.8 billion roubles, a notable drop from 790.2 billion roubles in December 2024 and 530.9 billion in November 2025.

(With inputs from agencies.)