US EditionSanctions Pushed Russian Oil Revenues Lower in 2025
6 Articles
6 Articles
Energy, defense slowdown weighs on Russia’s war economy
A slowdown in Russia’s defense and energy sectors is weighing on the country’s war economy. Oil and gas revenues have fallen because of low prices, a global glut of crude, and sanctions, while military-related industries, including weapon and ammunition production, are seeing languishing growth, government projections show. “This year’s problems seem more intense than usual,” The Bell wrote. Moscow is looking to hike taxes to shore up its budget…
The price of oil fell on the world market last year, and sanctions against Moscow forced Russia to sell its oil at ever-increasing discounts. As a result, Russia's oil revenues in 2025 fell by a fifth compared to 2024.
Sanctions Pushed Russian Oil Revenues Lower in 2025
Sanctions from the European Union and the United States pressured Russian crude oil export revenues to a 20% decline on the year in 2025, the Financial Times reported, citing Agus pricing data. The data suggests that the discount between Russian crude and international benchmarks widened to $24 per barrel last year, from an average of $15 per barrel for both 2023 and 2024. The discount, coupled with generally weaker oil prices last year, reduced…
17:34 With less money flowing into the state coffers due to lower oil prices and Western sanctions, Russia is cutting back: in 2026, it will invest less in the defense industry. Although...
Russia's oil revenues in 2025 fell by about 20% due to Western sanctions, rising oil discounts and falling world prices
Russia's revenues from energy exports in 2025 fell by 20% due to US sanctions, rising discounts in the Urals and falling world oil prices. This led to a budget deficit and pressure on the Russian economy.
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