Proceeds from oil and gas sales for Russia’s federal budget in 2024 jumped by more than 26% to 11.13 trillion roubles ($108.22 billion).

Oil and gas revenues have been the most important source of cash for the Kremlin, accounting for about a third to a half of total federal budget proceeds over the past decade.

In 2023, weaker oil prices and a fall in gas exports reduced revenue by 24%.
Source: Reuters