RUR in the spotlight: latest news

Russia's oil and gas revenues dropped by 34% in November compared to the previous year, totaling 530.9 billion rubles ($6.8 billion), according to the Finance Ministry. This decline is attributed to the impact of Western sanctions and falling prices.

Russia's oil and gas revenues experienced a significant decline of 34% year-on-year in November, according to the Finance Ministry. This decrease highlights the increasing strain on the federal budget.

In November, Russia's revenue from the sale of raw materials dropped by over one-third, totaling RUB 530.9 billion.

Businesses are borrowing 2 trillion rubles in anticipation of an increase in value-added tax (VAT). Experts attribute this surge in borrowing to the influences of monetary policy and expectations surrounding tax changes.

Russian officials have indicated that the rouble is projected to be stronger than earlier forecasts. This strength presents challenges for the economy, particularly affecting several large export-oriented mega projects.

Russia's economy is facing significant challenges as its GDP declines, leading to reduced oil and gas revenues. Military factories are also anticipating staff cuts, raising concerns about the overall economic stability.

Russia's luxury goods market is being shaped by changing wealth dynamics, urban development, and digital advancements, which together are influencing the future of high-end consumerism.

The Russian ruble has strengthened beyond 77.5 per USD, approaching its highest value in over two years, due to a recent repatriation of assets.

Russia's central bank has issued a warning that 67% of major companies in the country are facing critical challenges in servicing their debts due to high interest rates and a sluggish economy.

Russia has started to quickly sell its gold reserves to address budget shortfalls and stabilize the ruble, highlighting a rapid decline in its strategic stockpiles.

Russia's oil and gas revenues are projected to decline by 35% in 2025 due to several key factors, including a significant decrease in global oil prices.

According to calculations by Reuters, Russia's energy revenues for November 2025 could decline by 35% year-over-year, resulting in an estimated total of 520 billion rubles.

Russia's state revenues from oil and gas are expected to decline by one-third in November due to falling prices and a strengthening ruble.

Experts predict that investments in Russian real estate could drop by nearly 40% by the end of 2025. However, realtors argue that these estimates are exaggerated.