EconomyRussia’s oil and gas revenues to fall to 2.7% of GDP in 2029
Russia’s oil and gas revenues are projected to decline from 3.3% of GDP in 2026 to 2.7% in 2029, according to guidelines for budget, tax and customs policy. The document attributes the fall to stabilizing prices and the shrinking role of the oil and gas sector, while non-oil and gas tax revenues are expected to rise.
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TASS★★★☆☆2026-10-02 08:34Original
Russia’s oil and gas revenues to fall to 2.7% of GDP in 2029