❌

Vue normale

Reçu aujourd’hui — 7 août 2025
  • ✇Euromaidan Press
  • Russia’s energy revenues crash by 19% as war devours civilian budget
    The Kremlin’s financial foundation for war is cracking. According to Ukraine’s Foreign Intelligence Service, Russia’s federal budget revenues from oil and gas dropped by 19% in January–July 2025 compared to the same period in 2024, down to $69.2 billion.  The fallout from falling energy revenues is already visible as the Russian government is being forced to slash social and other civilian spending, diverting funds to finance its war against Ukraine. The drop in energy revenues underscores Russi
     
  • ↗️
✇Euromaidan Press

Russia’s energy revenues crash by 19% as war devours civilian budget

Par :Olena Mukhina
7 août 2025 à 13:34

Trump-Russia-Companies

The Kremlin’s financial foundation for war is cracking. According to Ukraine’s Foreign Intelligence Service, Russia’s federal budget revenues from oil and gas dropped by 19% in January–July 2025 compared to the same period in 2024, down to $69.2 billion. 

The fallout from falling energy revenues is already visible as the Russian government is being forced to slash social and other civilian spending, diverting funds to finance its war against Ukraine.

The drop in energy revenues underscores Russia’s growing vulnerability to external pressure, the agency emphasizes.

A double blow to the Kremlin

The average price for Urals crude fell by 18.4%, to $60.37 per barrel. At the same time, the ruble was artificially strengthened by 45%, from 113.71 to 81.25 per USD, undermining export earnings in foreign currency.

Gas exports to the EU plummeted by 50% to just 9.93 billion cubic meters, continuing Russia’s steady loss of energy foothold in Europe.

Ministry of Finance in panic

The Russian government has already revised its oil and gas income forecast for 2025, now expecting only $104.4 billion instead of the previous $137.3 billion, which is a 24% drop from earlier projections.

To partially offset the shortfall, the Kremlin is cutting fuel subsidies under the “fuel damper” mechanism and tapping into the National Welfare Fund.

You could close this page. Or you could join our community and help us produce more materials like this. We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. Become a patron or see other ways to support. 
❌