The new reality has forced the Kremlin to raise taxes and increase debt, and hovers over peace talks with Ukraine.

By the end of November 2025, 3 out of 4 coal producers in Russia were deemed unprofitable.

Russia has sold 71% of National Wealth Fund gold reserves to finance war. Budget deficit balloons 5x as oil revenue drops 22% ...

Russia's oil and gas revenues plunged to their lowest monthly level of 2025 in December, weighed by weaker oil prices and the ...

Russian oil production fell by 0.8% despite western sanctions and Ukrainian drone attacks. The country remains a major oil ...

MOSCOW, Jan 14 (Reuters) - Russia's federal budget revenues from oil and gas dropped by 24% in 2025 to the lowest level since 2020, according to Finance Ministry data, as oil prices fell while the ...

Russian oil and gas revenue fell by a fifth in 2025 to their lowest point in five years. But while Western sanctions have no ...

The U.S. announced sanctions in October on Lukoil and Rosneft in an effort to tighten financial pressure over Russia's war in ...

The nation's budget received a total of around $108 billion in oil and gas taxes last year, the Finance Ministry said.

Moscow's oil and gas tax intake decreased by 24% in 2025 compared to 2024.

Even as President Donald Trump insists Russia has the upper hand in its war against Ukraine, economists say the country’s position is weaker than ever because the Kremlin has burned through most of ...