{
  "id": 12155625,
  "title": "Russia’s oil and gas revenues plunge 22.3% in September, forcing budget reset",
  "url": "https://urgent.news/2026/10/05/russias-oil-and-gas-revenues-plunge-22-3-in-september-forcing-budget",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T12:42:00.000Z",
  "source": {
    "name": "New Voice of Ukraine",
    "slug": "new-voice-of-ukraine",
    "url": "https://english.nv.ua/business/russia-cuts-2026-oil-and-gas-revenue-forecast-after-22-3-september-plunge-50647249.html"
  },
  "original_language": "en",
  "account": "In September 2026, Russia's federal budget revenues from oil and gas plummeted by 22.3% compared to the same period a year prior, according to The Moscow Times. The figure dropped to 452.4 billion rubles, after rising by 6.7% in August, when it hit its lowest level since January. A significant portion of the revenue is spent on compensating oil refiners, with excise tax payments related to crude oil feedstock falling slightly to 98.2 billion rubles, while fuel damper payments surged to 305.5 billion rubles. In the first nine months of 2026, oil and gas revenues declined by 17.2% year-on-year, reaching 5.47 trillion rubles. The Finance Ministry adjusted the 2026 budget, slashing the estimated oil and gas income by 1.3 trillion rubles to 7.58 trillion rubles. This implies that Russia has received 72% of the new annual target, which is 61% of the original forecast of 8.92 trillion rubles. The trend is not new; in 2025, oil and gas revenues plummeted by 24% compared to 2024, falling from 11.13 trillion rubles to 8.48 trillion rubles, or $108.03 billion, due to lower oil prices and a stronger ruble. Oil and gas revenues constitute a quarter of Russia's federal budget receipts.",
  "summary": "Russia’s federal budget revenues from oil and gas fell 22.3% in September 2026 from a year earlier to 452.4 billion rubles, The Moscow Times reported on Oct. 5.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}