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وكالة الانباء الاردنية
Russian fossil fuel income drops 16.8%
Russian oil and gas revenues decreased by 16.8% year-on-year during the first seven months of 2026, totaling approximately $56 billion, which is nearly half of the targeted revenue in the national budget for the same year. Although there was a temporary rebound in July supported by the extraordinary profit tax, the decline in oil and gas revenues since the beginning of the year continues to weigh on Russia's budget revenues.
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