The Russian Ministry of Finance said on the 9th that from January to August this year, oil and gas revenue from the Russian Federation's budget revenue was about 5.02 trillion rubles, down 16.7% from the previous year. According to the preliminary budget implementation assessment results published on the Russian Ministry of Finance website on the same day, the main reasons for the year-on-year decline in Russian oil and gas revenue in the first eight months of this year included falling US dollar exchange rates and lower oil prices in the fourth quarter of 2025 and the first quarter of 2026. The Russian Ministry of Finance said that using the Russian National Wealth Fund to make up for the loss of oil and gas revenue and to accumulate additional oil and gas revenue during periods of favorable prices can maintain a stable budget system when oil and gas revenues fluctuate.

Zhitongcaijing · 2d ago
The Russian Ministry of Finance said on the 9th that from January to August this year, oil and gas revenue from the Russian Federation's budget revenue was about 5.02 trillion rubles, down 16.7% from the previous year. According to the preliminary budget implementation assessment results published on the Russian Ministry of Finance website on the same day, the main reasons for the year-on-year decline in Russian oil and gas revenue in the first eight months of this year included falling US dollar exchange rates and lower oil prices in the fourth quarter of 2025 and the first quarter of 2026. The Russian Ministry of Finance said that using the Russian National Wealth Fund to make up for the loss of oil and gas revenue and to accumulate additional oil and gas revenue during periods of favorable prices can maintain a stable budget system when oil and gas revenues fluctuate.