Russia's oil and gas revenue seen up 60% y/y in July

Reuters ^ | July 23, 2026

[Mount Athos]

Russia's state oil and gas revenue, which accounts for around a fifth ​of total budget income, is seen rising ‌by 60% in July from the same month a year ago thanks to the increase in ​global oil prices, Reuters calculations showed ​on Thursday.

A steep rise from profit-based tax ⁠proceeds on oil production for the second ​quarter has also contributed to the overall year-on-year ​revenue rise.

Russia, the world's third-largest oil producer and exporter after the United States and Saudi Arabia, relies ​heavily on oil and gas sales, which ​help finance its military campaign in Ukraine. Oil and gas tax ‌revenue ⁠for January to July is still likely to decline by 11% from the same period in 2025, to 4.9 billion roubles.

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TOPICS: Foreign Affairs; News/Current Events; Russia
KEYWORDS: mullahloversonfr; multiplenicks; putinthewarpig; tds

[Mount Athos]

The conflict in Iran is helping Russia a lot

[mythenjoseph]

Oil has been going between 75-105 a barrel?...Calm the F down everybody...this is pure Sky is falling propaganda from rooters of all corrupt media sycophant controlled outlets...why are they not talking about how this Ukranian tthing is killing a lot of their men?.....what good is revenue when your losing so many men? Eventually the masses in Russia will get a full scope .

[VanShuyten]

Because of the Uke strikes against Russian refineries, they sell oil to places like India at a discount, and then buy refined product at a premium.

They lose money on every gallon of gas, diesel, and motor oil they now have to import.

That’s not helping Russia a lot.

[Bob Wills is still the king]

There are a bunch of “no ID” Russian tankers of the “ghost fleet” stuck on the wrong sides of the strait now. Since a full battle group, or maybe two, just happens to be in the area, Trump could make some of the costs up by seizing the tankers as contraband.

[tlozo]

Ukrainian forces struck one of the main factory halls of the "VMP AVITEK" company in Kirov, Russia. The burning building only recently was modernized. According to Kirov region Governor Alexander Sokolov, 6 people were killed and 26 were injured.

The military enterprise, which is around 1,300 km (800 miles) from the Ukrainian border, manufactures various products for the Russian military, such as air defense missiles for the Tor-M2-Komplex and cruise missiles types Kh-101, Kh-59M2 and Kh-59M2A.

[tlozo]

Current state of the Wildberries logistics centers. Among the top 20 we have the following numbers:

Red: 4 totally destroyed hubs

- Elektrostal

- Krasnodar

- Nevinnomyssk

- Shushary (new)

Yellow: 3 damaged hubs

- Koledino

- Kotovsk

- Voronezh (new)

Green: 13 yet intact

[tlozo]

The Wildberries logistics hub in Saint Petersburg, Russia, is now burning. The flames are starting to consume the facility

[mewzilla]

I’ve got news for you...

Europe has been violating both the spirit and intent of Russian energy sanctions for years.

[blitz128]

These strikes may be the most effective strategy yet. Plenty of ordinary Russians who had no problem with bombing Ukrainian civilians are up in arms about their personal wealth being destroyed.

[tlozo]

Plenty of ordinary Russians who had no problem with bombing Ukrainian civilians are up in arms about their personal wealth being destroyed.

The Russians are complaining again about lost goods in burned-out warehouses, but they don't seem to grasp the cause-and-effect relationship.

Russians Complaining About Lost Goods