1/ Ukraine's drone strike campaign has been partly responsible for cutting Russia's oil and gas revenues by 18%, leading to a shortfall of 1.6 trillion rubles ($19 billion) in the Russian treasury. ⬇️ bsky.app
Footage captured the moment a Ukrainian Defense Forces Liutyi strike drone attacks the Permnefteorgsintez oil refinery in Perm during today’s operation. #Russia
2/ During the course of 2026, Ukraine has systematically attacked refineries across western Russia, causing many to reduce production or shut down entirely as hard-to-replace components are damaged or destroyed. The results are now showing up in the Russian state budget. 3/ 'Critical News Feed' reports: "The Treasury will be short 1.6 trillion rubles. Oil and gas revenues are falling short of projections." 4/ "According to estimates by the Accounts Chamber, oil and gas revenues for the federal budget in 2026 will amount to 7.3 trillion rubles [$87 billion] – 18% less than planned, meaning the Treasury will be short 1.6 trillion rubles. 5/ "Mineral extraction tax from oil will bring in 6.5 trillion rubles [$77 billion] (15% below plan), and the tax on additional income from hydrocarbon raw materials will be 1.079 trillion [$13 billion], almost half of the planned amount (-48%). 6/ "The share of oil and gas revenues in the structure of income has fallen to 19%. This is despite the significant increase in global prices for hydrocarbons due to the situation in the Persian Gulf. 7/ "The reason for the shortfall is twofold: a decline in oil production and a strong ruble, which outweigh the effect of high prices. 8/ "Non-oil and gas revenues, according to the Chamber's forecast, will amount to 31.4 trillion rubles [$373 billion], and together with oil and gas revenues, they will total 38.7 trillion rubles [$460.7 billion]. 9/ "On the other hand, expenditures: for the first 8 months of 2026, they reached 31.724 trillion rubles [$377.6 billion] (a 14.7% increase), and in August, the growth rate exceeded the annual average. 10/ "Even if they return to the annual average in the fall, 17.2 trillion rubles [$204 billion] will be needed for the remaining four months, and about 49 trillion rubles [$583 billion] for the entire year. 11/ "In that case, the deficit cannot be less than 10 trillion rubles [$119 billion], while the Ministry of Finance promises about 7 trillion [$83 billion]. This raises the key question: where will the 3 trillion ruble [$35.7 billion] difference be "hidden"? 12/ "The reaction of the ministry is also noteworthy: the Ministry of Finance believes that it is too early to draw conclusions about revenues for the year. 13/ "For citizens and businesses, this means that as the oil and gas source dwindles, the state will seek money where it can find it: through increased tax burdens, tighter fiscal pressure, and reduced other expenditures. 14/ "This policy stifles economic activity and brings the country closer to a recession, and the costs ultimately fall on consumers through prices, tariffs, and reduced budget programmes. 15/ "Oil prices are rising, but the hole in the budget is growing: this means the problem is not the price, but the fact that there is less and less to sell." /end Source: t.me