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DONATE NOW<\/a><\/p>\n \u201cWe\u00a0are introducing additional preferential tax regimes and clearly understand that we\u00a0cannot rely on\u00a0high levels of\u00a0oil and gas revenues in\u00a0the long term,\u201d Siluanov said, as\u00a0quoted by\u00a0Interfax.<\/p>\n According to\u00a0the finance minister, oil and gas revenues will account for about 23% of\u00a0Russia\u2019s federal budget this year, down from roughly 50% several years ago, and are expected to\u00a0fall by\u00a0another percentage point next year.<\/p>\n A\u00a0long-term budget forecast approved by\u00a0the government in\u00a0December projects that oil and gas revenues will more than halve by\u00a02042, declining from about 4% of\u00a0GDP to\u00a01.9%, the lowest level since the early 2000s, The Moscow Times wrote.<\/p>\n Read more<\/p>\n CategoryWar in Ukraine<\/a>Are Sanctions Working? Russia\u2019s Oil Revenue Collapse Says It All<\/a><\/p>\n \n Dec 17, 2025 19:34\n <\/p>\n The forecast shows a\u00a0sharp acceleration of\u00a0the decline in\u00a0the 2030s, with oil and gas revenues dropping below 3% of\u00a0GDP by\u00a02033, below 2.5% by\u00a02036, and under 2% in\u00a0the early 2040s.<\/p>\n Under a\u00a0base scenario assuming oil prices of\u00a0$69 per barrel, the sector\u2019s share of\u00a0the federal budget would fall to\u00a013.4% within 17\u00a0years. In\u00a0a\u00a0more conservative scenario based on\u00a0lower oil prices, the share would drop to\u00a09.5% of\u00a0the budget, or\u00a01.3% of\u00a0GDP, the lowest level since 1996.<\/p>\n The outlook raises questions about Russia\u2019s future role in\u00a0global oil markets. Under the government\u2019s Energy Strategy 2050, approved in\u00a0April, oil production could fall sharply without major investment, technological breakthroughs, and regulatory changes.<\/p>\n Read more<\/p>\n CategoryWar in Ukraine<\/a>Russia\u2019s Oil Revenues Are in a Free Fall: Down $25 Billion in 2025, Crude Sells for Half Price<\/a><\/p>\n \n Nov 21, 2025 13:08\n <\/p>\n Output is\u00a0projected to\u00a0decline from about 520\u00a0million tons per year to\u00a0477\u00a0million tons by\u00a02036\u00a0and 287\u00a0million tons by\u00a02050. Oil exports would be\u00a0cut nearly threefold, from 234\u00a0million tons to\u00a079\u00a0million tons annually.<\/p>\n In\u00a0a\u00a0\u201cstress scenario\u201d that assumes tougher Western sanctions and a\u00a0faster global shift away from hydrocarbons, Russia\u2019s oil production would drop to\u00a0just 171\u00a0million tons by\u00a02050, roughly one-third of\u00a0current levels, with exports falling to\u00a0zero, according to\u00a0The Moscow Times.<\/p>\n![\"Are](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/12\/37fbba849d1e03e5900b612b507a2f9f.jpg\")
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