Russia reported losses of 20 billion dollars from exports

• Russia's exports of mineral products decreased to 110.1 billion dollars.
• Revenues from oil and gas exports fell by 18.5%.
• The decline in revenues is linked to falling prices and sanctions.

This is reported by Ukrayinska Pravda, RBC Ukraine.

In the first half of 2025, Russia's exports of mineral products decreased to 110.1 billion dollars, which is 20.3 billion dollars less than in the same period of 2024. This happened due to falling oil prices and the suspension of gas transit through Ukraine.

The total volume of exports of goods decreased from 208.8 billion to 195.5 billion dollars. Exports of food products decreased by 3 billion dollars, while exports of chemical products, machinery, and equipment increased by the same amount, and metal exports increased by 4.2 billion dollars.

As of June 2025, the average price for Russian Urals oil was 67.7 dollars per barrel, while in July it dropped to 59.8 dollars. According to Ukrainian intelligence data, revenues from oil and gas exports decreased by 18.5% compared to the previous year, to 69.2 billion dollars in January-June 2025.

In July, revenues fell by 27% to 9.9 billion dollars. The decline in revenues is linked to several factors, including falling global oil prices, increased taxes, and sanctions.

Tags: Russia/Economy/Energy