Russia's Oil Revenue Plummets
This is a Russia news story, published by markets.businessinsider.com, that relates primarily to the Finance Ministry news.
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oil revenuemarkets.businessinsider.com
•Russia's oil revenue plummeted 29% in October amid volatile global crude prices
84% Informative
Moscow 's revenue from oil-related taxes dropped 29% year-over-year in October .
Oil and gas proceeds also fell more than 25% to 1.05 trillion rubles , according to the Finance Ministry .
The drop in oil revenue throttles a key source of funds for Russia 's war-driven economy.
Russia 's defense state spending is on track to hit a post-Soviet high in 2025 .
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