More than 24%: Russia's oil and gas revenues fell much more than expected

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In June, the Russian budget revenues from oil and gas sales fell by a significant 33,7% compared to the same period last year. This is the lowest level since January 2023. This collapse occurred against the backdrop of falling commodity prices and the strengthening of the Russian ruble, writes the OilPrice resource.

According to the Russian Finance Ministry, published on Thursday, in June, total budget revenues from oil and gas fell to $6,3 billion (494,8 billion rubles).

Revenue for the first half of the year also decreased compared to the same period in 2024. According to official data, in January-June 2025, Russia received $60 billion (4,73 trillion rubles) from the sale of oil and gas, which is almost 17% less than a year earlier.

The reduction in budget revenues from the sale of oil and gas is a problem for the military economics Russia, whose defense and military spending has now reached its highest level since the end of the Cold War.

In late April, Russia said it expected oil and gas revenues to fall 24% this year from previous estimates, due to the collapse in oil prices that began in early April and sent the price of its flagship Urals crude down to nearly $50 a barrel. But the reality has been far worse than expected, with the revenue declines more dramatic and significant than even the boldest predictions of a 24% loss.
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  1. anclevalico
    anclevalico
    +5
    4 July 2025 08: 58
    Expected by whom? Anyone with a head, not just for eating, could have predicted this years ago.
  2. prior
    prior
    +2
    4 July 2025 09: 09
    And have the costs of holding a lot of useless forums and exhibitions also decreased?!
    And what about the expenses for "curbing"? And for advertising all sorts of garbage?
    In Russia, all they do is throw money down the drain.
    1. Sarcastic realist
      Sarcastic realist
      +3
      4 July 2025 09: 35
      It's not true, it's not to the wind, but to the pockets. Find out how much the organizers of forums and exhibitions earn. However, you'll hardly be able to find out the amounts of kickbacks to the pockets of those who allocate budget money.
      1. prior
        prior
        +2
        4 July 2025 09: 40
        Well, you understood everything correctly.
        And you supplemented my thought. Thank you. Yes
        1. Sarcastic realist
          Sarcastic realist
          +1
          4 July 2025 10: 06
          You're welcome, the same to you. drinks
  3. Roman070280
    Roman070280
    +2
    4 July 2025 10: 47
    total budget revenues from oil and gas fell to $6,3 billion (494,8 billion).

    The price of the wunderkind Adamka's watch is only some 2,5 billion rubles.
    So I don't see a problem... there's enough for at least 200 more of these.
  4. John_Doe
    John_Doe
    0
    5 July 2025 01: 27
    It's okay, people are the second oil.
    Housing and communal services bills and price tags in shops won't let you lie.))