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Story summary
- Russia's oil and gas revenue is projected to rise about 60% in July 2026 versus July 2025 due to global oil prices and tax receipts.
- The finance ministry will release July estimate on August 5 2026.
- Oil and gas tax revenue fell 11% to 4.9 trillion roubles Jan-to-July after a 24% drop to 8.48 trillion roubles in 2025, lowest since 2020.
- Drone strikes and sanctions have raised seaborne crude exports to 4.21 million barrels per day, a year-to-date high.
