Russia's oil and gas budget revenue set to sink 46% in January, Reuters calculations show

Core Viewpoint - Russia's federal budget revenues from oil and gas taxes are projected to decline by 46% in January 2025 compared to January 2024, primarily due to lower oil prices and a stronger rouble [1] Group 1: Financial Impact - The expected drop in oil and gas tax revenues is significant, indicating a potential strain on Russia's federal budget [1] - The decline is attributed to a weaker oil price environment, which directly affects revenue generation from these sectors [1] - A stronger rouble is also contributing to the decrease in tax proceeds, as it impacts the conversion of foreign currency earnings into roubles [1]