Russia’s Oil and Gas Revenues Dropped by 18% in February ...Middle East

Russia saw its oil and gas budget revenues drop by 18.4% in February from a year earlier, according to data from the Russian Finance Ministry. Last month, Russia’s budget received $8.6 billion (771.3 billion Russian rubles) from oil and gas, down from $10.6 billion (945.6 billion rubles) in February last year. The lower oil prices have played a role in Russia’s lower revenues in February 2025 compared to a year earlier. Going forward, Russia’s revenues from oil are set to be volatile, due to the January sanctions on Russian oil…

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