submissions statement: Russia’s fossil fuel export revenue AND export quantities fell faster last year
also, since its already 4 years since the war started, **its important to take inflation into consideration as well**
**1 euro simply doesn’t buy the same amount of goods and services for the Russian state in 2025 compared to 2021, even when adjusted for ruble devaluation, because Russia’s cumulative inflation since December 2021 is over 41% ( when taking the change in CPI index)**
it also doesn’t buy the same amount of goods from the outside world
also, revenue does not equal profits
**Russian coal industry is either at loss or barely breakeven despite revenue being the same in nominal terms as in 202**1, because workers and equipment got so much more expensive past years, and companies can’t become more productive since their profits are eaten up by the state through increased taxes, and they have a hard time investing to improve their capital stock
cossackbedouin9960 on
note the accelerated decline since the summer of 2021, due to lower global oil and gas prices and also stronger sanctions
and while prices have risen recently due to the Iran crisis, the discount on Russian oil has gotten larger so the Russial Urals price is still lower than at almost any point in 2025
and natural gas prices are way lower than a year ago
cossackbedouin9960 on
even more important ,actual oil and gas tax revenues fell 24% in 2025, and has nearly halved in January-February 2026
>For January and February 2026 combined, oil and gas income is expected to reach 800 billion roubles, significantly below the 1.56 trillion roubles recorded during the same period last year.
>Under the 2026 federal budget plan, oil and gas revenues are projected at 8.92 trillion roubles, out of total anticipated budget income of 40.283 trillion roubles**. In 2025, federal oil and gas revenues fell 24% year-on-year to 8.48 trillion roubles, marking their lowest level since 2020.**
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source: [https://www.gzeromedia.com/graphic-truth/graphic-truth-russias-declining-fossil-fuel-revenues](https://www.gzeromedia.com/graphic-truth/graphic-truth-russias-declining-fossil-fuel-revenues)
full-study: [https://energyandcleanair.org/publication/fourth-year-of-full-scale-invasion-russian-fossil-fuel-revenues-tank-to-27-below-pre-invasion-levels/](https://energyandcleanair.org/publication/fourth-year-of-full-scale-invasion-russian-fossil-fuel-revenues-tank-to-27-below-pre-invasion-levels/)
submissions statement: Russia’s fossil fuel export revenue AND export quantities fell faster last year
also, since its already 4 years since the war started, **its important to take inflation into consideration as well**
**1 euro simply doesn’t buy the same amount of goods and services for the Russian state in 2025 compared to 2021, even when adjusted for ruble devaluation, because Russia’s cumulative inflation since December 2021 is over 41% ( when taking the change in CPI index)**
[https://tradingeconomics.com/russia/consumer-price-index-cpi](https://tradingeconomics.com/russia/consumer-price-index-cpi)
it also doesn’t buy the same amount of goods from the outside world
also, revenue does not equal profits
**Russian coal industry is either at loss or barely breakeven despite revenue being the same in nominal terms as in 202**1, because workers and equipment got so much more expensive past years, and companies can’t become more productive since their profits are eaten up by the state through increased taxes, and they have a hard time investing to improve their capital stock
note the accelerated decline since the summer of 2021, due to lower global oil and gas prices and also stronger sanctions
https://preview.redd.it/j6tja5jx7ulg1.png?width=1536&format=png&auto=webp&s=63e708f11229761a3685acff56a872bcbe205b9e
and while prices have risen recently due to the Iran crisis, the discount on Russian oil has gotten larger so the Russial Urals price is still lower than at almost any point in 2025
and natural gas prices are way lower than a year ago
even more important ,actual oil and gas tax revenues fell 24% in 2025, and has nearly halved in January-February 2026
>For January and February 2026 combined, oil and gas income is expected to reach 800 billion roubles, significantly below the 1.56 trillion roubles recorded during the same period last year.
>Under the 2026 federal budget plan, oil and gas revenues are projected at 8.92 trillion roubles, out of total anticipated budget income of 40.283 trillion roubles**. In 2025, federal oil and gas revenues fell 24% year-on-year to 8.48 trillion roubles, marking their lowest level since 2020.**
[https://egyptoil-gas.com/news/russias-february-oil-and-gas-revenues-seen-nearly-halving-on-stronger-rouble/](https://egyptoil-gas.com/news/russias-february-oil-and-gas-revenues-seen-nearly-halving-on-stronger-rouble/)
