Revenues of russian oil and gas industry down 18.5% in H1, and extraction tax collections down by third

In the first half of 2025, the oil and gas revenues of the aggressor country of russia fell by 18.5%. At the same time, mineral extraction tax collections decreased by 34.3%.

The Foreign Intelligence Service (FIS) of Ukraine reported this on Tuesday, August 12.

Thus, the profit of the russian company Gazpromneft fell 1.8 times in the first six months of this year. Sales profit decreased to USD 234 million. In the first half of 2022, profit amounted to almost USD 3 billion.

The FIS noted that in the Khanty-Mansiysk Autonomous Okrug, which is one of the largest oil production centers, the total losses of enterprises amounted to USD 8.8 billion. Their combined profit is USD 2.49 billion, which is 3.5 times less.

The decline in revenues of the russian oil and gas industry is associated with a decline in world oil prices, tax requirements and sanctions restrictions.

"These factors increase the risks for the financial stability of the sector and force the Kremlin to seek new strategies for adapting to global economic challenges," the report says.

As Ukrainian News Agency earlier reported, on August 10, the Foreign Intelligence Service of Ukraine stated that the russian leadership is preparing for a scenario of a drop in oil prices to a "shocking" USD 40-60 per barrel.

As we recall, the day before, the Office of the President of Ukraine stated that the russian economy is "crumbling" due to the war. In July, the russian budget deficit amounted to a "colossal" USD 13 billion.

At the same time, the head of the Verkhovna Rada Finance Committee, Danylo Hetmantsev, urged not to count on the collapse of the russian economy within the next year.