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 readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on April 3, 2025
1 min readLast updated: January 24, 2026
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.
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)
The article discusses the decline in Russia's oil and gas revenue by 17% in March and its impact on the federal budget.
In the first quarter, Russia's oil and gas revenue fell by almost 10%.
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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