13.05.2025, 16:18

Russia cuts oil and gas revenue forecast for 2025 budget by 24%

MOSCOW. May 13 (Interfax) - Proposed amendments to Russia's 2025 federal budget call for slashing projected oil and gas revenues this year by 2.6 trillion rubles compared to the previously approved budget, due in part to the reduction of the forecast export price for Russian oil to $56 per barrel from $69.70 and the revision of the ruble's exchange rate against the U.S. dollar, a bill (No. 914318-8) published in the parliament's electronic database showed.

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