Russia Is Losing More And More Oil And Gas Revenues

The end of the era of super profits.

Russia has already been forced to recognize that the era of super-profits from oil and gas is over. Russian dictator Putin continues to destroy the Russian economy by his unwillingness to stop the war against Ukraine.

The Ukrainian Center for Countering Disinformation reports this on Telegram.

The Center for Countering Disinformation noted that the Russian Ministry of Finance recognized that oil and gas revenues will fall in both the medium and long term. In particular, in 2026, the share of oil and gas revenues in the budget will fall to 23% - while until 2022 it exceeded 50%.

- Officially, this is explained by the exhaustion of low-cost hydrocarbon reserves, avoiding the topic of the war against Ukraine. However, it was the war and sanctions that hit oil and gas revenues hardest," the report said.

- In 2025, Russia had to trade oil and gas at the edge of profitability, or even at a loss to itself - to sell it. Western markets are lost because of the war against Ukraine, so Russia is forced to sell oil to India and China. And these two refuse to buy it other than at a discount of 50% or more.

- Unwilling to end the war against Ukraine, the Kremlin is destroying the economic foundation of the Russian Federation of recent years with its own hands," the CPI summarized.

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