Russian oil and gas revenues

Ukraine drone reach forces Kremlin to shift Russia’s defense burden to business

Russian authorities will allow private companies to buy air defense equipment to protect strategic facilities from Ukrainian strikes, shifting part of the burden of defending critical businesses and infrastructure onto the private sector, Bloomberg reported on June 9.

9 June, 05:21 PM

Russian gold reserves plunge to 25-year low amid mounting deficits

Russia's central bank saw its gold reserves shrink for the fourth consecutive month in April 2026, recording the sharpest drop in over two decades, The Moscow Times wrote on May 20.

21 May, 02:56 PM

Russia’s oil revenues surge after Middle East escalation

Russia’s federal budget revenues from oil and gas rose 38.7% in April 2026 compared with March, increasing by 239 billion rubles to 855.6 billion rubles ($10.9 billion), driven by a sharp rise in global oil prices linked to the war in the Middle East, The Moscow Times reported on May 6.

6 May, 01:54 PM

Drones strike key oil logistics hub in Russia’s Krasnodar Krai — video

Drones struck the Armavir Line Production and Dispatch Station in Russia’s Krasnodar Krai overnight on March 8, the region’s operational headquarters said.

8 March, 02:25 PM

Surging global oil prices still fail to rescue Russia's breaking federal budget

Global oil prices rose following the conflict in Iran to their highest level since July 2024, however, this is still insufficient to balance the Russian budget, Reuters wrote on March 3.

4 March, 10:10 AM

Zelenskyy warns Russia preparing for major European war by 2030

Russia is preparing for a major war in Europe and may be planning a large-scale armed conflict by 2029 or 2030, Ukrainian President Volodymyr Zelenskyy said in a statement on Telegram.

13 November 2025, 01:50 PM

Russian oil and gas revenues