Russia’s oil and gas revenue dropped by 18.4% in February compared to the same month last year, according to the Russian Finance Ministry.
In February 2025, Russia’s budget received $8.6 billion (771.3 billion rubles) from oil and gas sales, a decrease from $10.6 billion (945.6 billion rubles) in February 2024.
Lower oil prices have contributed to this decline in revenue.
Looking ahead, Russia’s oil revenues are expected to remain volatile. The sanctions on Russian oil trade, imposed in January, may cause delays in shipments and payments as supply chains adjust.
Oil and gas sales are a key source of revenue for Russia’s federal budget.
Russia has indicated that it plans to reduce its reliance on oil to protect its budget from the impact of fluctuating oil prices.
Recently, Moscow has faced challenges in selling its crude oil.
While tankers continue to load Russian crude, many are struggling to reach their destinations. Buyers are avoiding supply chains affected by U.S. sanctions, according to data from Bloomberg.
The Biden Administration’s latest sanctions on Russian oil are the harshest yet. They target several vessels used to transport the ESPO crude blend from the Kozmino port in Russia’s Far East to independent refineries in China. Many of the specialized tankers, shuttle tankers, and other vessels carrying Russian oil from the Arctic and Far Eastern production fields to Asia have now been sanctioned.
Since the U.S. sanctions were implemented, only five out of 19 vessels loaded from Sakhalin Island in Russia have successfully delivered their cargo to their final destinations, Bloomberg reports.
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