![#Kanal13 #likekanal13 #subscribekanal13 #warinukraine<br />https://www.youtube.com/user/kanal13az?sub_confirmation=1 - SUBSCRIBE TO US!<br />The crashing global oil prices have deepened Russia’s financial burden, making it too dependent on the interests of other countries to maintain its national budget. Saudi Arabia’s refusal to raise the price delivered a massive blow to the Russian economy.<br /><br />According to Euromaidan Press, Russia, despite being heavily reliant on oil revenues, has decided to increase production. Now, the country is paying the price for this, as prices have plummeted, and Saudi Arabia increased production in retaliation so as not to miss out on profits.<br /><br />In 2025, the Russian Finance Ministry projected oil and gas revenues at $129.7 billion USD, representing 5.1% of Russian GDP. However, this was based on a much higher oil price of $70. This means that, due largely to declining oil prices, this forecast has been revised downward to $101.47 billion, marking a staggering 24% decrease in expected energy revenues. This significant shortfall, amounting to over $28 billion, is primarily attributed to Urals crude oil trading at around $58 per barrel, well below the $70 benchmark used in the initial Russian budget planning, Euromaidan Press says.<br /><br />Each $10 drop in oil prices is estimated to cost Russia approximately $17 billion annually. The resulting revenue gap is expected to widen the budget deficit, compelling the Russian government to either increase borrowing, raise taxes, or draw further from the Russian National Wealth Fund — created to serve as a financial safety net and established in 2008 — which has already seen substantial depletion due to the ongoing cost of the war and economic sanctions.<br /><br />Russia’s situation is further complicated by Ukrainian drone strikes that have disrupted up to 15% of its oil refining capacity, equating to a loss of 600,000 to 900,000 barrels per day. These attacks have forced Russia to halt gasoline exports and prioritize domestic supply, limiting its ability to compensate for lost revenues through increased production.<br /><br />Overall, with depleted financial reserves and limited options to boost income, Russia faces significant economic challenges. In contrast, Saudi Arabia possesses substantial financial reserves, enabling it to withstand low oil prices for an extended period of time. The Kingdom’s strategic decision not to reduce production underscores its commitment to enforcing OPEC+ agreements and pursuing economic diversification, Euromaidan Press reports.<br /><br />Without support from a key oil market influencer, Russia’s budgetary shortcomings are likely to grow, potentially undermining its ability to sustain prolonged military engagements, conduct massive offensives, and affect the broader stability of its economy.<br /><br />Recall, Ukraine launched more than 60 drone strikes on Russian oil refineries and countless more on storage depots and pumping stations since January 2024, in a campaign planned to cripple Russia's hydrocarbon infrastructure. The most recent attack on March 16 hit Moscow's largest refinery and put 50% of Moscow's fuel supply at risk.<br />http://youtube.com/kanal13az/join - click here and support Kanal13 monthly for distributing more videos and independent journalism<br /><br />http://t.me/kanal13tv & https://bit.ly/37BVMqU <br />https://www.youtube.com/user/kanal13az?sub_confirmation=1<br />https://bit.ly/2Rs6MB3 <br />#lastminutenewsfromukraine #kanal13ukraine <br />https://bit.ly/2V19Fdy<br /><br />Click here and just subscribe to Kanal13 - https://www.youtube.com/user/kanal13az?sub_confirmation=1<br /><br />https://www.youtube.com/KANAL13AZ/join<br />*ATTENTION: If you woul like to contact with US please, write to +49176 75077516 WhatsApp<br /><br />▌▌►Website: http://kanal13.tv/<br />http://www.facebook.com/tvkanal13<br />https://twitter.com/Kanal13Az<br />https://www.instagram.com/kanal13.az<br /><br />Click & Subscribe to the main youtube Channel<br /><br />© KANAL13 [ Azərbaycanın ilk peşəkar internet televiziyası ] The First Internet TV of Azerbaijan<br /><br />Tags: #Ukriane, #Russia, #Putin, #Putler, #Russian invasion of Ukraine, #Zelenski, #Kiev, #Kyiv, #Kadirov army, #Kadirov, #Kherson, #Bucha, #Kharkiv, #Ukrainian pilots, #vagners, #Russian tanks, #NATO, #drones, #Moscow, #Kreml, #war victims #Ukraina, News, The Washington Post, waPo Video, Washington Post Video, Washington Post YouTube, a:politics, aid, biden, putin, s:Politics, support, t:Other, Ukraine, war, fact check, news coverage, Donald Trump, news, wp video, forbes, nytimes, newspaper, media, journalism, Ilham Aliyev, Baku, Azerbaijan, Israel, Gaza, Palestine, Tel-Aviv, Garabag, Karabakh, football, ronaldo, messi, brian tyler cohen](https://currentnews.live/wp-content/plugins/youtube-feed-pro/img/placeholder.png)
Ukrainian drones, Arabian sheikhs brutally punish Russia; drone strikes on oil refineries continue
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The crashing global oil prices have deepened Russia’s financial burden, making it too dependent on the interests of other countries to maintain its national budget. Saudi Arabia’s refusal to raise the price delivered a massive blow to the Russian economy.
According to Euromaidan Press, Russia, despite being heavily reliant on oil revenues, has decided to increase production. Now, the country is paying the price for this, as prices have plummeted, and Saudi Arabia increased production in retaliation so as not to miss out on profits.
In 2025, the Russian Finance Ministry projected oil and gas revenues at $129.7 billion USD, representing 5.1% of Russian GDP. However, this was based on a much higher oil price of $70. This means that, due largely to declining oil prices, this forecast has been revised downward to $101.47 billion, marking a staggering 24% decrease in expected energy revenues. This significant shortfall, amounting to over $28 billion, is primarily attributed to Urals crude oil trading at around $58 per barrel, well below the $70 benchmark used in the initial Russian budget planning, Euromaidan Press says.
Each $10 drop in oil prices is estimated to cost Russia approximately $17 billion annually. The resulting revenue gap is expected to widen the budget deficit, compelling the Russian government to either increase borrowing, raise taxes, or draw further from the Russian National Wealth Fund — created to serve as a financial safety net and established in 2008 — which has already seen substantial depletion due to the ongoing cost of the war and economic sanctions.
Russia’s situation is further complicated by Ukrainian drone strikes that have disrupted up to 15% of its oil refining capacity, equating to a loss of 600,000 to 900,000 barrels per day. These attacks have forced Russia to halt gasoline exports and prioritize domestic supply, limiting its ability to compensate for lost revenues through increased production.
Overall, with depleted financial reserves and limited options to boost income, Russia faces significant economic challenges. In contrast, Saudi Arabia possesses substantial financial reserves, enabling it to withstand low oil prices for an extended period of time. The Kingdom’s strategic decision not to reduce production underscores its commitment to enforcing OPEC+ agreements and pursuing economic diversification, Euromaidan Press reports.
Without support from a key oil market influencer, Russia’s budgetary shortcomings are likely to grow, potentially undermining its ability to sustain prolonged military engagements, conduct massive offensives, and affect the broader stability of its economy.
Recall, Ukraine launched more than 60 drone strikes on Russian oil refineries and countless more on storage depots and pumping stations since January 2024, in a campaign planned to cripple Russia’s hydrocarbon infrastructure. The most recent attack on March 16 hit Moscow’s largest refinery and put 50% of Moscow’s fuel supply at risk.
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Tags: #Ukriane, #Russia, #Putin, #Putler, #Russian invasion of Ukraine, #Zelenski, #Kiev, #Kyiv, #Kadirov army, #Kadirov, #Kherson, #Bucha, #Kharkiv, #Ukrainian pilots, #vagners, #Russian tanks, #NATO, #drones, #Moscow, #Kreml, #war victims #Ukraina, News, The Washington Post, waPo Video, Washington Post Video, Washington Post YouTube, a:politics, aid, biden, putin, s:Politics, support, t:Other, Ukraine, war, fact check, news coverage, Donald Trump, news, wp video, forbes, nytimes, newspaper, media, journalism, Ilham Aliyev, Baku, Azerbaijan, Israel, Gaza, Palestine, Tel-Aviv, Garabag, Karabakh, football, ronaldo, messi, brian tyler cohen
