Exclusive: Russia's oil and gas budget revenue is expected to fall by 23% in September
Source: CoinWorld
Time: 2025-09-18 18:57:15
Russia's oil and gas revenue in September is expected to fall 23% year-on-year to 592 billion rubles (US$7.11 billion) due to falling oil prices and strengthening rubles. This key revenue stream funded Russia’s budget and the Ukrainian war, and is expected to drop 20.5% to 6.62 trillion rubles in the first nine months. Despite a 17% increase in monthly revenues due to a decrease in refinery subsidies, Russia still faces budget challenges of a slowdown, rising deficits and record military spending.