Business

Russia’s budgetary disaster: Moscow’s oil and gas revenues plummet 24% in 2025

Ewan Jones
 16.01.2026, 10:35
In addition to falling oil prices, a strong ruble has also hurt Moscow’s war chest.
In addition to falling oil prices, a strong ruble has also hurt Moscow’s war chest. Photo: Envato/puripatt

In addition to falling oil prices, a strong ruble has also hurt Moscow’s war chest.