... and the effect of a weaker ruble on export revenues. Physical gas sales volumes for the half-year are estimated to have decreased compared to previous years (especially in Europe), but cash revenues have only slightly increased due to price factors. Oil and gas condensate sales contributed relatively little. Revenue from oil sales rose to ~173 billion rubles (+6% year-on-year), reflecting high oil prices in rubles and stabilization of oil production by subsidiary structures. Concurrently, gas condensate sales declined (~104 billion rubles compared to 125 ...

In 2025, Russia's oil and gas revenues may decrease by 23%, impacting the country's economic situation and budget. In terms of export volumes, a 19% increase is projected by 2026. However, a decline in global oil prices and a strengthening ruble will lead to a 23% decrease in Russia's ...

Expert Tereshkin: The Structure of Oil and Gas Revenues Reduces the Risks of Falling Oil Prices (Prime). Expert Sergey Tereshkin assessed the risks of falling oil prices for Russia's budget. He noted that low prices could be offset by the devaluation of the ruble and increased production. Despite ...

... prices and fixed domestic fuel prices. In July, the total amount of damping payments was around 60 billion rubles, helping to restrain gasoline price increases for end consumers. However, such costs weigh heavily on the federal budget, especially as oil and gas revenues for July, according to the Ministry of Finance, amounted to approximately 787 billion rubles – less than planned and the third consecutive month below expectations. There is currently ongoing discussion about the possibility of temporarily ...

... curtail sharper price increases for end consumers. However, expenses related to this mechanism are becoming more burdensome for the federal budget, especially as hydrocarbon revenues are declining: according to the Russian Ministry of Finance, in July, revenues from oil and gas exports amounted to about 787 billion rubles, falling short of planned values for the third consecutive month. Against the backdrop of declining export revenues, the government is discussing the possibility of adjusting or temporarily suspending the ...