Russian oil and gas revenues in the first nine months were hit by a sharp year-on-year decline in oil prices and the impact of sanctions.
Russian oil and gas revenues in the first nine months of 2025 fell by over 20% year on year to 6.61 trillion rubles ($81.6 billion), driven by a sharp decline in oil prices and the impact of international sanctions.
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Russia's oil and gas export revenues slumped to a 30-month low for August.
Moscow’s energy revenues fell by a fifth in 2025 compared with previous year
Russia's pipeline gas exports to Europe fell 45% year on year to 13 Bcm in January-September.
Russia has decided to extend a one-month ban on gasoline exports amid a fresh spate of drone attacks targeting oil refineries.
With earnings on the slide, Russian producers are having to set new priorities, which vary in different companies.
Commenting on the impact of the sanctions, Alexey Belogoryev cited the baseline scenario as a possible short-term decline in…
