Russia's oil and gas revenue halved in January y/y to lowest since July 2020
Russian state oil and gas revenue fell to 393.3 billion roubles ($5.10B) in January, the lowest since July 2020, as lower crude prices and a stronger rouble hit government earnings. This marks a decline from December 2025’s 447.8 billion roubles.
February 04, 2026
Anton Kolodyazhnyy and Darya Korsunskaya/Reuters
FILE PHOTO: A worker is seen next to a pipe at a construction site on the extension of Russia's TurkStream gas pipeline after a visit of Serbia's President Aleksandar Vucic and Bulgaria's Prime Minister Boyko Borissov, in Letnitsa, Bulgaria, June 1, 2020.
Stoyan Nenov/Reuters
Russian state oil and gas revenue halved in January year on year to a lowest level since July 2020, reaching 393.3 billion roubles ($5.10 billion), finance ministry data showed on Wednesday, due to lower crude prices and a stronger rouble.
The budget revenue was also down last month from 447.8 billion roubles in December 2025.
($1 = 77.1000 roubles)
-Anton Kolodyazhnyy and Darya Korsunskaya/Reuters
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