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    Home > Finance > Russia's oil and gas revenue down 17% y/y in March
    Finance

    Russia's oil and gas revenue down 17% y/y in March

    Published by Global Banking & Finance Review®

    Posted on April 3, 2025

    1 min read

    Last updated: January 24, 2026

    Russia's oil and gas revenue down 17% y/y in March - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Russia's oil and gas revenue fell 17% in March, totaling 1.1 trillion roubles. The first quarter saw a nearly 10% decline, impacting the Kremlin's budget.

    Russia's Oil and Gas Revenue Declines 17% in March

    MOSCOW (Reuters) - Russia's oil and gas revenue declined by 17% in March to 1.1 trillion roubles ($13 billion) from the same month a year ago, finance ministry data showed on Thursday.

    In the first quarter, the revenue fell by almost 10% to 2.64 trillion roubles, according to the ministry.

    Oil and gas revenue has been the most important source of cash for the Kremlin, accounting for about a third to half of total federal budget proceeds over the past decade.

    ($1 = 84.5000 roubles)

    (Reporting by Darya Korsunskaya; Writing by Vladimir Soldatkin; Editing by Jan Harvey)

    Key Takeaways

    • •Russia's oil and gas revenue dropped 17% in March.
    • •First-quarter revenue decreased by almost 10%.
    • •Oil and gas are crucial for Russia's federal budget.
    • •The decline reflects economic challenges for the Kremlin.
    • •Revenue in March was 1.1 trillion roubles.

    Frequently Asked Questions about Russia's oil and gas revenue down 17% y/y in March

    1What is the main topic?

    The article discusses the decline in Russia's oil and gas revenue by 17% in March and its impact on the federal budget.

    2How much did the revenue decline in the first quarter?

    In the first quarter, Russia's oil and gas revenue fell by almost 10%.

    3Why is oil and gas revenue important for Russia?

    Oil and gas revenue is crucial as it accounts for about a third to half of Russia's federal budget proceeds.

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