Russia's Oil and Gas Budget Revenues Hit 2020 Low

Data from Russia's Ministry of Finance showed that federal budget revenues from oil and gas fell by 24% in 2025, reaching their lowest level since 2020. This decline has become a significant blow to the Russian economy, as hydrocarbons are a key source of income. Experts attribute this drop to several factors, including falling global energy prices and changes in export structure. The Ministry of Finance stated that it is taking measures to compensate for the losses through other revenue sources, though this could lead to a budget deficit. Overall, the situation raises serious concerns about the country's future financial stability.

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2026-01-30T17:08:21+00:00

CSIS Report: Conflict Has Degraded Russia to Second-Tier Economic Power

A CSIS report reveals that the Russia-Ukraine conflict has led to unprecedented losses for Russia. Technological lag, immense human casualties, and minimal territorial gains cast doubt on the inevitability of Moscow's victory and point to severe structural problems in its economy and military.

Politics Economy Health Country

2026-01-29T10:12:00+00:00

Lukoil Announces New Development Plans

Russian oil giant Lukoil, under US sanctions, announced a strategy to diversify markets and strengthen ties with Asia despite external pressure.

Economy Politics Country

2026-01-25T01:30:06+00:00

MIPT Researchers Create Ultra-Fast Sensor for Supersonic Aircraft

MIPT researchers have developed a shock wave sensor that is 10 times faster than current models. This innovation will help create more advanced supersonic aircraft and has already attracted the attention of Russian aviation and energy companies.

Economy Country

2026-01-21T04:33:41+00:00

Lavrov: Russia to Continue Trade with Iran Despite US Threats

Russian Foreign Minister Sergey Lavrov confirmed that the country will not interrupt trade relations with Iran, despite pressure from the US and threats of sanctions. Russia will act in its own interests.