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Russia's Oil Revenue Plummets 35% Amid Sanctions

11/26/2025

29 3 Full Breakdown

Summary

Story summary

Russia's oil and gas revenue is projected to fall 35% in November to about $6.6 billion.
The decline reflects weaker crude prices and a stronger ruble, reducing a budget source that funds 25% of income.
For 2025, total oil and gas revenue is about $102 billion, down 22% from 2024.
The Finance Ministry cut its revenue target from $139 billion to $110 billion because of falling prices and Western sanctions.

History

Historical Context

Following Russia's annexation of Crimea in 2014, Western sanctions severely impacted its economy, leading to a 3.7% contraction in GDP that year. The sanctions, coupled with a nearly 50% drop in oil prices, triggered a financial crisis, diminishing Russia's energy revenue by 35% today and highlighting its ongoing economic vulnerability reliant on energy exports.

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Story summary

Russia's oil and gas revenue is projected to fall 35% in November to about $6.6 billion.
The decline reflects weaker crude prices and a stronger ruble, reducing a budget source that funds 25% of income.
For 2025, total oil and gas revenue is about $102 billion, down 22% from 2024.
The Finance Ministry cut its revenue target from $139 billion to $110 billion because of falling prices and Western sanctions.

1 / 2