Russia's oil and gas revenues will break a five-year record
Russia continues to lose huge sums
New losses for the aggressor country were the result of lower crude oil prices and the strengthening of the ruble.
Analysts were able to calculate that revenue for the entire current year is expected to decrease by almost a quarter to 8.44 trillion rubles.
What is important to understand is that this is below the forecast of the Russian Ministry of Finance of 8.65 trillion rubles.
In addition, it is indicated that the Russian authorities reported the lowest monthly revenues from oil and gas of 405 billion rubles (about 5 billion dollars — ed.) 5 years ago.
It was during that period that oil prices plummeted to record lows amid the coronavirus pandemic.
It is also known that last month the price of Russian oil in rubles fell by 17.1% compared to October.
It was expected that in November 2025, Russian budget revenues from oil and gas could fall by about 35% compared to this month in 2024 — to 520 billion rubles ($6.59 billion) — due to lower oil prices and a strengthening ruble.
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