Russia’s oil export revenues fall to five-year low, IEA says
11.09.2025 - 16:44
In August, Russia’s revenues from the sale of oil and petroleum products fell by $920 million compared to July to $13.5 billion.
This is one of the lowest figures since the start of the full-scale war against Ukraine, Reuters reports, citing the International Energy Agency (IEA).
The reason for the fall was the strikes by Ukrainian drones on Russian oil refineries and pipelines, as well as the effect of Western sanctions and a price “ceiling”. The discount on Urals oil widened to $56 per barrel – below the established limit of $60.
In August, Russian exports of oil and petroleum products decreased by 70 thousand barrels per day, to 7.3 million barrels. Production fell by 30 thousand barrels – to 9.3 million barrels per day, which corresponds to OPEC+ quotas.
The IEA notes that oil export revenues remain near five-year lows, reducing the Kremlin’s tax revenues and exacerbating the economic slowdown in Russia.
USM previously reported that the EU is considering tightening sanctions against the “shadow fleet” and banning insurance for Rosneft tankers.
