Russia’s oil and gas revenues fell by a quarter in September

The Russian authorities were forced to reduce the projected amount of revenue from the sale of energy resources.

The Russian Federation’s federal budget revenues from oil and gas in September fell by 24.5% compared to the same period last year, writes The Moscow Times .

According to the agency, oil and gas revenues, which provide about a quarter of the Russian state treasury’s revenues, amounted to 582.5 billion rubles last month. Compared to August, oil and gas fees increased by 15.3%.

At the same time, according to the results of nine months, oil and gas revenues were 20.6% lower than a year ago, amounting to 6.61 trillion rubles.

It is noted that at the end of last year, when drafting the 2025 budget, the Ministry of Finance expected to collect 10.94 trillion rubles in oil and gas revenues this year, of which 1.8 trillion rubles were to be replenished by the National Welfare Fund.

“However, the fall in oil prices and the strengthening of the ruble forced the authorities in the spring to reduce the projected amount of revenue from the sale of energy resources by almost a quarter of the plan – to 8.32 trillion rubles. In September, during the preparation of the next amendments to the 2025 budget, the Ministry of Finance slightly improved expectations – to 8.65 trillion rubles,” the publication writes.

It is reported that last year the federal budget received 11.13 trillion rubles from oil and gas.

Russia’s oil and gas revenues – latest news

Russian federal budget revenues from oil and gas fell by 35% in August 2025 compared to the same period last year. Compared to July, revenues decreased by 36%.

Russia’s oil and petroleum product revenues fell in August to one of the lowest levels since the start of its full-scale invasion of Ukraine. Experts say Russia’s oil export revenues remain at a near five-year low , reducing tax revenues and exacerbating the country’s economic slowdown.

(c)UNIAN 2025