The expert predicted a reduction in oil and gas revenues in the coming years

Russia's oil and gas revenues may decrease further in the next few years. This was stated on November 13 in an interview with Izvestia by Antonina Levashova, head of the laboratory for the analysis of best international practices at the Gaidar Institute.

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What other changes to the Tax Code have the Ministry of Finance prepared and how will they affect the market?

"As the Ministry of Finance notes, there are risks of a further decline in Russian revenues, primarily due to the start of the EU ban on the import of petroleum products from Russian oil (imported through third countries, for example, through Turkey and India) in 2026," she explained.

In addition, the price is being pressured by a slowdown in demand growth and a growing supply surplus (according to data from the Organization of Petroleum Exporting Countries (OPEC), the drivers of supply growth in 2026 will not be Russia, but the United States, Brazil, Canada and Argentina), the analyst said.

Read more about the situation in the Izvestia article.

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