In total, in the first five months of 2025, oil and gas revenues in the Russian Federation reached 4.24 trillion rubles, which was 14.4% lower compared to the same period of 2024 (4.95 trillion rubles).
In May 2025, Russian federal budget revenues from the sale of oil and gas were reduced by 35% in annual terms and 53% compared to April. This was proven by the Ministry of Finance data of the Russian Federation, Reuters reported Wednesday, June 4.
According to the agency, oil and gas revenues last month reached 512.7 billion rubles compared to 793.7 billion rubles in May 2024 and 1.09 trillion rubles in April this year.
If you do not consider the tax additional income, the income in May is reduced by 86.7 billion rubles or 14.5% compared to April.
In total, in the first five months of 2025, oil and gas revenues reached 4.24 trillion rubles, 14.4% less than the same period of 2024 (4.95 trillion rubles).
The Ministry of Finance of the Russian Federation explained the decline in revenue at the simultaneous collapse of oil prices and ruble strengthening. In May, Russian oil prices fell to 4 195 rubles per barrel – this was the lowest indicator from April 2023 and 38% less than the price laid on the Budget of the Russian Federation for 2025.
Also, the May Urals oil price for taxes is 21% lower than the updated assessment of the Ministry of Finance of the Russian Federation for this year.
By the end of April, the Russian government changed the budget for 2025 and reduced income forecasting from energy sale by nearly 25% – from 10.94 trillion rubles to 8.32 trillion. According to the old plan, 1.8 trillion rubles will be sent to the National Welfare Fund of the Russian Federation, but even the main revenue level of 9.1 trillion will not be provided.
Accordingly, the Ministry of Finance of the Russian Federation will continue to use funds from the Federal Tax Service to cover budget deficiency.
Remember that Ukraine suggested that Russia’s maximum price set for $ 30 per barrel.
Oil price fell to a critical minimum for the Russian Federation budget
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.