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Russia's Oil Revenue Plummets Amid Sanctions and Low Prices

12/4/2025

40 3 Full Breakdown

Summary

Story summary

Russia's November oil and gas tax receipts fell 34% to 530.9 billion rubles.
The decline was driven by sanctions, low oil prices, and a strong ruble.
The average price of Urals oil fell to $44.87 per barrel, the lowest since March 2023.
Mineral extraction tax revenues dropped 36% and export duties fell nearly 40%.
A tanker sank off Senegal, raising safety concerns about vessels in the shadow fleet.

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Story summary

Russia's November oil and gas tax receipts fell 34% to 530.9 billion rubles.
The decline was driven by sanctions, low oil prices, and a strong ruble.
The average price of Urals oil fell to $44.87 per barrel, the lowest since March 2023.
Mineral extraction tax revenues dropped 36% and export duties fell nearly 40%.
A tanker sank off Senegal, raising safety concerns about vessels in the shadow fleet.