In the first quarter of 2025, the consolidated profit of companies engaged in oil and gas production in the aggressor country of russia fell by almost half. Russian oil refiners also "sagged" in revenue.
The Moscow Times has informed about this, citing a report by the Federal State Statistics Service (Rosstat).
According to Rosstat, in the first three months of this year, oil and gas companies received RUB 789 billion in revenue. This is almost half the amount of the same period in 2024. Then they earned RUB 1.4 trillion.
The Rosstat report also mentions a drop in the profitability of oil refineries. In the first quarter, their profit amounted to RUB 4.5 billion, which is 95.7% less than last year.
The decline in profits of russian raw materials companies is due to the fall in oil prices. In early January, a barrel of Urals oil was sold for USD 66, and at the end of May the price fell to USD 52.
In addition, the revenues of russian companies were affected by Western sanctions, which in recent months have imposed restrictions on more than 400 tankers involved in the transportation of oil.
As the Ukrainian News agency earlier reported, on June 9, The Moscow Times wrote, citing a report by russian economists, that the assets of the russian National Welfare Fund, which has been collecting revenues from the sale of oil and gas for decades, may run out in 2026.
As we will recall, in early June, the Foreign Intelligence Service of Ukraine stated that russia is trying to hide the scale of the decline in its economy.
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