Reuters: Russian oil revenue drops 37% in July 2025 vs 2024
Russia's oil and gas revenue fell 37% to 680 billion roubles in July amid sustained defense spending for its Ukraine military operation.
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ISW: Ukraine’s gas transit halt to cost Gazprom $6 billion as Turkstream becomes only route to EU
Gazprom is likely exploiting the halt of gas transit through Ukraine to engineer an artificial energy crisis and destabilize Moldova, ISW states.