The monthly drop equals RUB 322 billion (PLN 14.6 bn, EUR 3.4 bn), the outlet reported. The decline has accelerated through the year: down 14% year-on-year in January–May, 18% in July and 20% in August.
The Kremlin has acknowledged that recent US measures hitting Rosneft and Lukoil will create new strains for the budget, Bloomberg reported in late October. Those two companies account for roughly half of Russia’s exports, or about 2.2 million barrels a day.
Including Surgutneftegaz and Gazprom Neft—already under restrictions—some 70% of oil shipped abroad is subject to US sanctions.
Moscow initially penciled in PLN 10.94 trillion in 2025 oil and gas revenue, but weaker crude prices and currency moves forced a downgrade. The finance ministry now projects an almost 22% fall, with no meaningful rebound over the next three years.
A draft budget envisages RUB 8.9 trillion from oil and gas taxes next year—20% below 2024—with further declines of 19% in 2027 and 13% in 2028.
With this year’s deficit seen at RUB 5.7 trillion, authorities plan to lift VAT to 22%, increase levies on small businesses and borrow RUB 12 trillion, the Moscow Times said.
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Source: PAP, Interia Biznes