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Russia's oil and gas revenue rises sharply in July

Russia's federal budget revenue from oil and gas rose 18.6% in July 2026 compared with July 2025, reaching 934 million rubles ($11.5 million) — also up 36.6% from June — driven by high oil prices and the payment of a windfall profit tax for the second quarter, The Moscow Times reported on Aug. 5.

Russia's oil and gas revenue rises sharply in July

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