Russia's revenue from oil exports was estimated at **** billion U.S. dollars in January 2025. The figure increased by approximately *** percent compared to the previous month.

Russia Federal Government Revenue: Oil & Gas data was reported at 1,081.300 RUB bn in Mar 2025. This records an increase from the previous number of 771.300 RUB bn for Feb 2025. Russia Federal Government Revenue: Oil & Gas data is updated monthly, averaging 519.726 RUB bn from Dec 2005 (Median) to Mar 2025, with 230 observations. The data reached an all-time high of 1,812.372 RUB bn in Apr 2022 and a record low of 164.633 RUB bn in Feb 2009. Russia Federal Government Revenue: Oil & Gas data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.FB006: Federal Government Revenue and Expenditure: General.

The oil and gas revenue contributed approximately **** trillion Russian rubles to the federal budget of Russia in 2024, up from *** trillion rubles in the previous year. The highest figure over the observed period was recorded in 2022.

Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: Kdamp data was reported at -148.300 RUB bn in Feb 2025. This records an increase from the previous number of -156.400 RUB bn for Jan 2025. Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: Kdamp data is updated monthly, averaging -88.800 RUB bn from Feb 2019 (Median) to Feb 2025, with 73 observations. The data reached an all-time high of 96.500 RUB bn in Jun 2020 and a record low of -450.300 RUB bn in Apr 2022. Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: Kdamp data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FB006: Federal Government Revenue and Expenditure: General.

The oil and gas revenue in the federal budget of Russia was estimated at **** percent of the country's GDP in 2025. That marked a significant decrease compared to the previous year, showing shifting oil export dynamics in the international landscape. In total, oil and gas revenues contributed over ** trillion Russian rubles to the federal budget in 2024. Projections for 2027 suggest a decline, with oil and gas revenues expected to account for *** percent of GDP.

Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: excl Kdamp & Kinv data was reported at -162.900 RUB bn in Feb 2025. This records a decrease from the previous number of -156.500 RUB bn for Jan 2025. Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: excl Kdamp & Kinv data is updated monthly, averaging -58.800 RUB bn from Feb 2019 (Median) to Feb 2025, with 73 observations. The data reached an all-time high of 14.000 RUB bn in May 2020 and a record low of -162.900 RUB bn in Feb 2025. Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: excl Kdamp & Kinv data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FB006: Federal Government Revenue and Expenditure: General.

The share of the oil and gas revenue in Russia's consolidated budget was forecast to decrease by *** percentage points between 2024 and 2027. At the end of the forecast period, the country's earnings from oil and gas sales were expected to make up around ** percent of the consolidated budget.

Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: NAD data was reported at 0.500 RUB bn in Feb 2025. This records an increase from the previous number of -1.700 RUB bn for Jan 2025. Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: NAD data is updated monthly, averaging 1.300 RUB bn from Feb 2019 (Median) to Feb 2025, with 73 observations. The data reached an all-time high of 765.900 RUB bn in Apr 2022 and a record low of -9.300 RUB bn in Jan 2023. Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: NAD data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FB006: Federal Government Revenue and Expenditure: General.

Russia's largest portion of revenue from fossil fuel exports since the war in Ukraine came from sales of oil, at 610.34 billion euros as of June 7, 2025. Fossil gas exports brought the second-largest revenue, at 186.06 billion euros. In total, Russia's revenue from exports of fossil fuels from February 24, 2022, amounted to 889.62 billion euros. The leading export destinations were China, India, and Turkey.

Russia Federal Government Revenue: Non Oil & Gas data was reported at 1,902.301 RUB bn in Feb 2025. This records an increase from the previous number of 1,881.699 RUB bn for Jan 2025. Russia Federal Government Revenue: Non Oil & Gas data is updated monthly, averaging 656.249 RUB bn from Dec 2005 (Median) to Feb 2025, with 229 observations. The data reached an all-time high of 3,241.214 RUB bn in Dec 2024 and a record low of 198.006 RUB bn in Feb 2006. Russia Federal Government Revenue: Non Oil & Gas data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.FB006: Federal Government Revenue and Expenditure: General.

National Wealth Fund Assets in Russia increased to 164 USD Billion in October from 158.80 USD Billion in September of 2025. This dataset includes a chart with historical data for Russia National Wealth Fund Assets.

The Crude Petroleum Extraction industry in Europe can be volatile. Its performance largely hinges on global oil demand and prices, which in turn are impacted by geopolitical conditions and global economic activity. Most of Europe relies on imports for its crude oil and refined fuels, often from geopolitically unstable regions. Only Russia can count itself among the world’s largest oil producers, while Norway and the UK are the main beneficiaries of oil reserves in the North Sea. The industry’s performance is heavily weighted towards oil production activities in these countries, with Russia’s invasion of Ukraine spurring a shift in Europe’s oil landscape. Revenue is forecast to decline at a compound annual rate of 5.6% to €236.1 billion over the five years through 2024. Revenue dropped during the pandemic, as tumbling oil prices were compounded by reduced global demand for oil. This was followed by a strong recovery in the following years, as a post-pandemic rebound in demand for oil led to a surge in prices. Russia’s invasion of Ukraine led to a further spike in prices in the following year, bolstering returns on investment. The lure of sky-high margins purred increased exploration activity in 2022, while Russia was able to redirect most of its oil exports to China and India in response to Western sanctions. Europe’s oil landscape continues to shift as nations seek to wean themselves off of Russian fossil fuels, with Norway looking like the main beneficiary of the change in dynamics. Revenue is forecast to drop by 21.7% in 2024. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 5.4% to reach €306.7 billion. As geopolitical tensions persist, the potential for significant fluctuation in prices remains. However, as Europe continues to wean itself off Russian fossil fuels, there's an expectation of easing oil prices. By 2027, the EU aims to be completely free from Russian fossil fuels – a move that would open up opportunities for other oil producing nations, while placing pressure on Russia to continue to find alternative buyers of its oil. Ambitious decarbonisation targets threaten to contribute to a downward trend in oil consumption, weighing on long-term growth prospects.

On January 1, 2025, the largest volume of Russian crude oil shipments went to India, at around ******* metric tons per day based on a 30-day running average. Since the beginning of 2022, the shipments to the European Union (EU) and the United States have decreased significantly. Both the EU and the U.S. imposed sanctions on oil imports from Russia in response to the invasion of Ukraine in 2022. The EU banned seaborne crude oil imports starting from December 5, 2022, while the U.S. banned all imports of oil and petroleum products from Russia on March 8, 2022. Existing deals had to be ended by April 22, 2022. Furthermore, the G7, the EU, and Australia imposed a price cap of 60 U.S. dollars per barrel from December 5, 2022, to reduce Russia's energy export revenue, which is one of its largest sources of income. Which countries started buying more oil from Russia? Faced with Western sanctions on Russian oil, Russia increased crude oil shipments to China, India, Turkey, Egypt, and the United Arab Emirates. In fact, China contributed the most to Russia's oil export revenue since the war in Ukraine, at approximately *** billion euros as of January 2025. However, the oil price ceiling imposed in December 2022 could make it more difficult for Russia to export to non-Western countries, too. This is because the policy also applies to tankers that belong to the sanctioning countries, as well as those insured or financed by them. For instance, Russian oil cannot be transported to Turkey for a price above the market cap if it is insured by EU or United Kingdom (UK) companies. How much does Russia earn from oil exports? Crude oil has traditionally been the main source of fuel and energy export revenue of Russia. Between February 24, 2022, and January 30, 2025, Russia earned around *** billion euros from oil exports, including crude oil and refined products. Over the same period, EU countries paid around *** billion euros for Russian oil.

Russia Federal Government Revenue: Oil & Gas: Mining & Quarrying Tax data was reported at 776.500 RUB bn in Mar 2025. This records a decrease from the previous number of 1,029.700 RUB bn for Feb 2025. Russia Federal Government Revenue: Oil & Gas: Mining & Quarrying Tax data is updated monthly, averaging 611.500 RUB bn from Jan 2018 (Median) to Mar 2025, with 87 observations. The data reached an all-time high of 1,269.600 RUB bn in Apr 2022 and a record low of 133.100 RUB bn in May 2020. Russia Federal Government Revenue: Oil & Gas: Mining & Quarrying Tax data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FB006: Federal Government Revenue and Expenditure: General.

Petroleum refiners sell a variety of derivative products with wide usages across many different industries. Despite this strong level of diversification, refineries suffered greatly from global dips in demand for transport following the COVID-19 outbreak. Stay-at-home orders and closures of non-essential business in many European countries led to a sharp drop in demand for petrol, diesel and jet fuel as many car, ship and plane journeys came to a halt, causing industry revenue and profit to slump. Over the five years through 2025, European petroleum refineries’ revenue is anticipated to hike at a compound annual rate of 1.4% to €691.4 billion, including a projected swell of 5.8% in 2025. This is mostly the result of surging prices in 2022 and 2023 lifting industry revenue despite no significant increase in refining capacity or output. Russia’s invasion of Ukraine led to many European countries announcing they would wean themselves off Russian oil, causing a substantial and sustained rise in oil prices. These strong oil prices paved the way for a significant rebound in revenue for petroleum refiners. Despite this, oil price inflation has raised the operating costs for many downstream businesses, leading to many cutting consumption and switching to renewable sources of energy, as shown by the rising uptake of electric vehicles in countries like Norway, the Netherlands and the UK. The profitability of petroleum refineries is somewhat insulated by vertical integration with crude oil extractors, which adds stability to purchase costs. Passing on additional cost increases to their customers is another key way to maintain a healthy margin. Over the five years through 2030, petroleum refineries’ revenue is forecast to climb at a compound annual rate of 2% to reach €1,099.7 billion, supported by an uptick in European construction and manufacturing after being constrained for multiple years due to strong economic headwinds. Long-term revenue prospects are set to deteriorate as the push for decarbonisation in many economies will see petroleum-derived products being phased out in favour of low-carbon options.

Russia Oil And Fuel Filter Market is expected to grow during 2025-2031

The Crude Petroleum Extraction industry in Europe can be volatile. Its performance largely hinges on global oil demand and prices, which in turn are impacted by geopolitical conditions and global economic activity. Most of Europe relies on imports for its crude oil and refined fuels, often from geopolitically unstable regions. Only Russia can count itself among the world’s largest oil producers, while Norway and the UK are the main beneficiaries of oil reserves in the North Sea. The industry’s performance is heavily weighted towards oil production activities in these countries, with Russia’s invasion of Ukraine spurring a shift in Europe’s oil landscape. Revenue is forecast to decline at a compound annual rate of 5.6% to €236.1 billion over the five years through 2024. Revenue dropped during the pandemic, as tumbling oil prices were compounded by reduced global demand for oil. This was followed by a strong recovery in the following years, as a post-pandemic rebound in demand for oil led to a surge in prices. Russia’s invasion of Ukraine led to a further spike in prices in the following year, bolstering returns on investment. The lure of sky-high margins purred increased exploration activity in 2022, while Russia was able to redirect most of its oil exports to China and India in response to Western sanctions. Europe’s oil landscape continues to shift as nations seek to wean themselves off of Russian fossil fuels, with Norway looking like the main beneficiary of the change in dynamics. Revenue is forecast to drop by 21.7% in 2024. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 5.4% to reach €306.7 billion. As geopolitical tensions persist, the potential for significant fluctuation in prices remains. However, as Europe continues to wean itself off Russian fossil fuels, there's an expectation of easing oil prices. By 2027, the EU aims to be completely free from Russian fossil fuels – a move that would open up opportunities for other oil producing nations, while placing pressure on Russia to continue to find alternative buyers of its oil. Ambitious decarbonisation targets threaten to contribute to a downward trend in oil consumption, weighing on long-term growth prospects.

China has been the leading export destination of fossil fuels from Russia since the start of the invasion of Ukraine on February 24, 2022. Since that date, Russia has exported fossil fuels, such as oil, natural gas, and coal, worth around *** billion euros to China as of January 27, 2025. India was the second-leading recipient country, with a total fossil fuel export value of approximately ***** billion euros.

Russia Oil Filled Transformer Market is expected to grow during 2025-2031

Russia Federal Government Revenue: Oil & Gas: Export Tariffs: Petroleum Products data was reported at 0.200 RUB bn in Mar 2025. This records a decrease from the previous number of 0.600 RUB bn for Feb 2025. Russia Federal Government Revenue: Oil & Gas: Export Tariffs: Petroleum Products data is updated monthly, averaging 24.800 RUB bn from Jan 2018 (Median) to Mar 2025, with 87 observations. The data reached an all-time high of 75.300 RUB bn in Dec 2018 and a record low of -3.300 RUB bn in Mar 2024. Russia Federal Government Revenue: Oil & Gas: Export Tariffs: Petroleum Products data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FB006: Federal Government Revenue and Expenditure: General.