Oil and gas revenues of the Russian budget fell by 14% during 10 months of 2026.

Oil and gas revenues of the Russian budget fell by 14% during 10 months of 2026.

For January-October 2026, the Russian federal budget received less revenue from oil and gas than a year earlier, but significantly increased revenue from non-oil and gas sources. Expenditures exceeded revenues by 5.234 trillion rubles, equivalent to 2.3% of GDP, according to the Russian Ministry of Finance.

According to the data of the Ministry of Finance, in ten months of 2026 oil and gas revenues for the treasury reached 6.442 trillion rubles. This is a decrease of 14.1% compared to the corresponding period in 2025.

The office attributed this decrease to two factors: the average dollar exchange rate for the reporting period was lower, and the damping component increased due to a faster increase in the price of petroleum products on the world market.

Oil and capital.