In December 2025, the average price of Urals oil (https://t.me/Pravda_Gerashchenko/128579) dropped to $39.18 per barrel. Compared to November, the key export grade fell by 13%, and compared to the beginning of the year – by 41%, reports The Moscow Times.
The sharp drop is associated with US sanctions against “Rosneft” and “Lukoil”. As a result, the cost of Urals has fallen to its lowest level since May 2020 ($31.03), when the coronavirus pandemic triggered a collapse of the oil market.
In the 2026 budget, the Russian Ministry of Finance projected 8.9 trillion in oil and gas revenues, but at current prices, they will be $1.1-1.4 trillion lower (Pravda Gerashchenko).
