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2025-09-19 08:47:33
[Russia's oil and gas revenue in September is expected to fall by 20% year-on-year due to falling prices and appreciation of the ruble] Calculations show that due to falling oil and gas prices and the appreciation of the ruble, Russia's oil and gas revenue in September will fall by about 23% compared with the same period last year, which will hit Moscow's main source of income. Russian President Vladimir Putin and his economic officials are preparing Russia's 2026 budget while financing the highest military spending since the Cold War. Reuters estimates show that Russia's revenue in September is expected to be 592 billion rubles (about 7.11 billion US dollars), and revenue in the first nine months of this year will fall by 20.5% to 6.62 trillion rubles. Oil and gas revenues account for a quarter of Russia's budget and are also the most important source of funds for Russia's military operations in Ukraine. The Russian Ministry of Finance will submit a draft budget for 2026 to parliament by the end of September and is scheduled to announce the September oil and gas revenue estimate on October 3.
