In May 2025, russia's export revenues from the sale of hydrocarbons abroad fell to the lowest level since the start of the full-scale war against Ukraine.
This is reported by Economic Pravda with reference to the monthly report of CREA.
The report states that, according to analysts at the Centre for Research on Energy and Clean Air (CREA), compared to May 2024, russia's export revenues from oil, gas, petroleum products and coal decreased by 19%, and compared to the period of the start of the full-scale war - almost halved.
Revenues from seaborne exports of crude oil amounted to EUR 176 million per day - minus 8% compared to April and 22% in annual terms.
Although physical volumes of supplies increased by 4%, the average price of Urals grade dropped to USD 57.3 per barrel, which significantly reduced revenue.
Oil pipeline pumping brought russia another EUR 59 million per day (minus 8%).
Gas exports in May brought EUR 101 million per day, of which EUR 51 million - pipeline gas, EUR 40 million - LNG.
Revenues from the sale of petroleum products remained at the April level – EUR 101 million per day.
At the same time, revenue from coal exports increased - by 18%, to EUR 74 million per day.
The largest buyers of russian energy resources remain: China – EUR 5.7 billion per month, mainly oil; India – EUR 4.2 billion and Turkey – EUR 1.8 billion, of which EUR 1.1 billion - petroleum products.
In total, the European Union purchased EUR 1 billion of russian energy resources.
The main share (70%) is gas, and the rest is oil, which Hungary and Slovakia still receive through the Druzhba pipeline.
CREA warns that reducing the marginal price for russian oil from USD 60 to USD 45 per barrel could reduce russia's foreign exchange earnings by another EUR 2.7 billion per month, or about 27%.
Currently, almost 40% of oil exports from russia are carried out by Western tankers, which may leave the market if sanctions are tightened.
As Ukrainian News Agency earlier reported, after Israel's strike on Iran, the price of Urals oil jumped, which is saving the russian budget.
Israel's war with Iran has become a "lifeline" for the russian budget, which is experiencing a sharp drop in oil export revenues.
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