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Russia to lose $3 billion in oil and gas revenues this month

Russia to lose $3 billion in oil and gas revenues this month

23 January 2026 12:45 (UTC +04:00)

Due to lower prices, Russia will lose approximately 232 billion rubles (USD 3 billion) in revenues from the federal budget’s oil and gas sector in January 2026, the Russian Ministry of Finance forecasted, APA reports, citing RBC.

According to the information, in order to compensate for the resulting revenue loss, the Ministry of Finance is actively using funds from the National Wealth Fund. Within the framework of budget rules, the ministry will begin selling foreign currency and gold.

It is reported that for the period from January 16 to February 5, the total volume of these sales will amount to 192.1 billion rubles (USD 2.5 billion).

Ilgar Khudiyev

Russia $3 billion oil gas revenues

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