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Russia’s oil and gas revenues to fall to 2.7% of GDP in 2029
TASS
October 2, 2026
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After reaching 5.5% of GDP in 2024, oil and gas revenues have been steadily declining, taking into account exchange rate trends, global energy prices, as well as the structure of hydrocarbon production and export volumes, and are estimated at 3.3% of GDP in 2026
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