Russia's oil and gas export revenues to fall by third in November — Reuters
Photo: Russia's oil and gas export revenues to fall by a third in November (Getty Images)
Russian budget revenues from oil and gas in November may decline by approximately 35% compared to November last year. Among the main reasons are lower oil prices and sanctions, according to Reuters.
According to analysts' estimates, the Russian budget will receive 520 billion rubles from oil and gas sales in November. This is 7.4% less than in October, the agency notes.
From January to November, the Russian budget will receive about 8 trillion rubles in oil and gas revenues, which is 22% less than in the same period last year.
The agency cites falling oil prices, the strengthening of the ruble, and sanctions as the main reasons. Russian oil cost $57.3 per barrel from January to November, compared to $68.3 per barrel last year. At the same time, the ruble rose to an average of 81.1 rubles per dollar, compared to 91.7 rubles last year.
Decline in Russian economy
The Russian economy continues to lose stability amid the protracted war against Ukraine and international sanctions. Key industries are showing a decline, and the banking sector is preparing for possible state support to avoid collapse.
On September 4, Sberbank CEO German Gref acknowledged that economic growth in Russia had effectively stalled in the second quarter of 2025.
The International Monetary Fund had previously predicted that after a short-lived military boom, the Russian economy would return to stagnation and continue to lose ground compared to both developed and developing countries.
Despite attempts by the authorities to demonstrate economic stability, analysts estimate that Russia is currently spending about half of its state budget on the war against Ukraine, which only deepens the internal crisis.
