Russia’s Oil and Gas Revenues Dip to January 2023 Low ...Middle East

Russia saw its revenues from oil and gas for the budget crash by 33.7% in June from a year earlier—to the lowest level since January 2023, amid weaker commodity prices and a stronger Russian ruble. For June, total budget revenues from oil and gas dipped to $6.3 billion (494.8 billion Russian rubles), according to data from Russia’s finance ministry published on Thursday. Revenues for the first half of the year also fell compared to the same period of 2024. Russia received $60 billion (4.73 trillion rubles) from oil and gas in January…

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