After the United States and Israel launched military strikes on Iran, tensions in the Middle East have intensified once again, driving international oil prices to soar from $70 per barrel to nearly $90. This shift has undoubtedly made Russian energy exports one of the winners in the global energy market.
According to a report by Reuters on Monday, Russia expects its oil and gas revenues in April to surge by 70% compared to March, reaching 900 billion rubles, marking the highest monthly record since October 2025. This revenue growth will significantly alleviate Russia's short-term financial pressure and allow the government to postpone the planned increase in fiscal reserves.
Previously, Russia had planned to allocate more oil revenue to the National Wealth Fund and adjust the oil "threshold price." However, with the soaring oil prices, this plan has now been postponed until 2027. In the short term, the improvement in Russia's financial situation also reduces reliance on long-term fiscal reserves.
Analysts indicate that the surge in Russian energy revenues has had a significant impact on its fiscal policy, and the rise in oil prices may continue to support its economy in the coming months.
