Russian August Budget Misses Out on $600 Million in Oil and Gas Revenue

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In August 2026, the total deviation between actual and expected monthly oil and gas revenues amounted to 45 billion rubles, according to the Russian Ministry of Finance (Mинфин).

For September, the ministry forecasts an additional 100.7 billion rubles in oil and gas revenues to be received into the federal budget.

Starting September 7 and ending October 6, the Ministry of Finance plans to allocate 55.6 billion rubles for the purchase of foreign currency and gold. The daily purchase volume of foreign currency and gold will be equivalent to 2.5 billion rubles.