{
  "id": 12202762,
  "title": "Russia’s oil and gas revenues fall 17% in 2026 despite doubling of Urals crude prices",
  "url": "https://urgent.news/2026/10/05/russias-oil-and-gas-revenues-fall-17-in-2026-despite-doubling-of",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T17:26:05.000Z",
  "source": {
    "name": "The Insider",
    "slug": "the-insider",
    "url": "https://theins.press/en/news/297921"
  },
  "original_language": "en",
  "account": "In the first three quarters of 2026, Russia's federal budget revenue from oil and gas declined by 17%, despite the price of Russian crude doubling. This decline was attributed to lower production and reduced exports due to Ukrainian attacks on Russian oil infrastructure. Additionally, a stronger ruble contributed to the decrease in revenue. From January to September, tax revenue from oil and gas production amounted to 5.47 trillion rubles ($64.43 billion), which was lower than the 6.61 trillion rubles recorded in the same period of 2025. The oil and gas sector contributes to around 20% of Russia's tax revenue, and the 2026 budget deficit is projected to be 3% of the gross domestic product, nearly double the initially planned level.",
  "summary": "Russia’s year-on-year federal budget revenue from oil and gas fell 17% in the first three quarters of 2026 despite a sharp rise in the price of Russian crude. The decline was driven by lower production and reduced exports amid Ukrainian attacks on Russian oil infrastructure, as well as a stronger ruble, Reuters reported . From January through September, tax revenue from oil and gas production…",
  "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."
}