Russia lowered its 2025-2027 oil and gas export revenue forecast due to weak oil prices, according to a document from the Russian Ministry of Economy. Oil and gas exports are the main source of funding for Russia's national budget. US President Trump said this year that falling oil prices may help end the Russian-Ukrainian conflict. Russia is expected to receive US$200.3 billion in revenue from oil and gas export sales this year, down 15% from US$235 billion in 2024 and the previous forecast published in September, according to the documents. The Russian government expects oil and gas export revenue of US$220.4 billion in 2026, US$231 billion in 2027, and US$244.1 billion in 2027, and US$244.1 billion, respectively, down 4%, 1.1%, and 2.6% from previous forecasts. According to documents, the Ministry of Economy also lowered Russia's oil production forecast for 2025 to 516 million tons, which is the same as the previous year, but lower than the previous forecast of 518.6 million tons. According to documents, Russian pipeline gas exports will recover to 89.1 billion cubic meters in 2025, and 80.6 billion cubic meters and 69.3 billion cubic meters in 2024 and 2023, respectively.

Russia lowered its 2025-2027 oil and gas export revenue forecast due to weak oil prices, according to a document from the Russian Ministry of Economy. Oil and gas exports are the main source of funding for Russia's national budget. US President Trump said this year that falling oil prices may help end the Russian-Ukrainian conflict. Russia is expected to receive US$200.3 billion in revenue from oil and gas export sales this year, down 15% from US$235 billion in 2024 and the previous forecast published in September, according to the documents. The Russian government expects oil and gas export revenue of US$220.4 billion in 2026, US$231 billion in 2027, and US$244.1 billion in 2027, and US$244.1 billion, respectively, down 4%, 1.1%, and 2.6% from previous forecasts. According to documents, the Ministry of Economy also lowered Russia's oil production forecast for 2025 to 516 million tons, which is the same as the previous year, but lower than the previous forecast of 518.6 million tons. According to documents, Russian pipeline gas exports will recover to 89.1 billion cubic meters in 2025, and 80.6 billion cubic meters and 69.3 billion cubic meters in 2024 and 2023, respectively.