Russia's Non-Oil Revenues Rise 18.3% in First Seven Months of 2026
Russia's Ministry of Finance reported a notable rise in non‑oil and gas revenues for the period January‑July 2026, up 18.3% to 17.518 trillion roubles (about $213 billion).
Revenue breakdown
Oil and gas receipts fell 16.8% to 4.595 trillion roubles as global oil prices slipped earlier in the year. Nevertheless, the ministry said these receipts still exceeded the baseline set in the budget, showing fiscal resilience to price swings.
Budget background
The 2026‑2028 fiscal plan aims for non‑oil revenue of 31.365 trillion roubles and oil‑gas revenue of 8.919 trillion roubles, highlighting Moscow's drive to diversify income sources and curb reliance on energy exports.
The figures underline the Russian economy's ability to adapt to volatile energy markets and the strategic push to strengthen non‑oil sectors for sustainable fiscal stability.
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