Russia's Oil Revenue Plummets: A Budget Crisis?
Update: 2025-09-18
Description
Russia's oil and gas revenues are plummeting, expected to drop 23% compared to last year, due to weaker oil prices, a stronger ruble, and export discounts. This financial hit comes at a critical time as Russia struggles to fund its 2026 budget and the war in Ukraine, with attacks on refineries and decreased Arctic shipments further compounding the Kremlin's economic woes.
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