MOSCOW, Oct. 9 (Xinhua) -- Russia's federal budget revenues from oil and gas fell 17.2 percent year on year to 5.471 trillion rubles (about 64.3 billion U.S. dollars) in the first nine months of 2026, while non-oil and gas revenues rose 18.8 percent to 24.168 trillion rubles, the Russian Finance Ministry said Friday.
The decline was mainly attributed to a lower average U.S. dollar exchange rate against the ruble and higher compensation payments to domestic oil refineries as global petroleum product prices rose, the ministry said in a news release on website.
Under Russia's budget rule, the government saves excess oil and gas revenues when prices are favorable and draws on the National Wealth Fund to offset revenue shortfalls when conditions worsen.
The mechanism is designed to shield public finances from fluctuations in oil and gas revenues, the ministry said. (1 U.S. dollar equals 85.10 rubles)
