Russia received less than $10 billion from oil and gas in July

Description

Russia has registered a significant decline in revenues from oil and gas amid a new spike in geopolitical tensions with the West, threatening Moscow’s income from energy sales. The data indicating a 27% year-on-year drop registered in July comes out along with a projected $150-million shortfall in budget receipts from the same sources in August. Russia receives less than $10 billion from July oil and gas sales Russia’s oil and natural gas revenues fell by 27% in July 2025, compared to the same m...