Overview
- The Finance Ministry estimates additional oil-and-gas revenues for January 2026 at minus 231.9 billion rubles ($2.96 billion).
- The ministry reported a December 2025 shortfall in additional oil-and-gas revenues of 137.6 billion rubles.
- It put the cumulative deviation between actual or estimated and expected base monthly oil-and-gas revenues at 39.8 billion rubles as of end-December 2025.
- Budget payments to oil companies under the fuel damper swung widely through 2025, from a low of 30.5 billion rubles in September to highs of 156.4 billion rubles in January and 148.3 billion rubles in February.
- Separate industry data show 2025 oil-and-gas revenues fell 24% to 8.48 trillion rubles, pressured by an 18% drop in oil prices and a stronger ruble.