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Home > Finance > Russia's oil and gas budget revenue falls 24% to lowest since 2020

Russia's oil and gas budget revenue falls 24% to lowest since 2020

Published by Global Banking and Finance Review

Posted on January 15, 2026

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Tags:oil and gas GDP economic growth financial crisis

Russia's Oil and Gas Revenue Plummets 24% to Lowest Since 2020

Analysis of Russia's Oil and Gas Revenue

MOSCOW, Jan 14 (Reuters) - Russia's federal budget revenues from oil and gas dropped by 24% in 2025 to the lowest level since 2020, according to Finance Ministry data.

Yearly Revenue Comparison

The ministry reported that oil and gas revenues, which account for about a quarter of state budget inflows, fell last year to 8.48 trillion roubles ($108.03 billion), compared to 11.13 trillion roubles in 2024.

Monthly Revenue Trends

Proceeds from oil and gas sales were last at such levels in 2020, when, amid the COVID-19 pandemic and the collapse of the oil market, they fell to 5.24 trillion roubles.

December Revenue Decline

In December 2025, the oil and gas revenue fell to 447.8 billion roubles from 790.2 billion roubles in the same month in 2024 and 530.9 billion roubles in November 2025.

($1 = 78.4955 roubles)

(Reporting by Darya Korsunskaya and Vladimir Soldatkin; editing by Guy Faulconbridge)

Frequently Asked Questions about Russia's oil and gas budget revenue falls 24% to lowest since 2020

1What is oil and gas revenue?

Oil and gas revenue refers to the income generated by a country from the extraction and sale of oil and natural gas resources.

2What is GDP?

Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period.

3What is a financial crisis?

A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to widespread economic instability.

4What is economic growth?

Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by GDP.

5What is revenue comparison?

Revenue comparison involves analyzing the income generated by a business or sector over different time periods to assess performance.

Analysis of Russia's Oil and Gas Revenue

MOSCOW, Jan 14 (Reuters) - Russia's federal budget revenues from oil and gas dropped by 24% in 2025 to the lowest level since 2020, according to Finance Ministry data.

Yearly Revenue Comparison

Monthly Revenue Trends

Proceeds from oil and gas sales were last at such levels in 2020, when, amid the COVID-19 pandemic and the collapse of the oil market, they fell to 5.24 trillion roubles.

December Revenue Decline

In December 2025, the oil and gas revenue fell to 447.8 billion roubles from 790.2 billion roubles in the same month in 2024 and 530.9 billion roubles in November 2025.

($1 = 78.4955 roubles)

(Reporting by Darya Korsunskaya and Vladimir Soldatkin; editing by Guy Faulconbridge)