Falling Energy Revenues and Rising State Spending, have prompted Fresh Fiscal Measures, that are now being Felt by Small Businesses across the Country. According to Reporting cited by Bloomberg, and Highlighted by the Institute for the Study of War (ISW), Russia’s Oil and Gas Revenues Fell Sharply in 2025.
The Russian Finance Ministry said Federal Budget Income from Oil and Gas Taxes Totalled 8.48 Trillion Rubles, about £80.5 Billion, Marking a 24% Drop, compared with 2024, and the Lowest Level in Five years.
The Decline has been Linked to Reduced Gas Exports, under Western Sanctions and Weaker Global Crude Prices, putting Additional Strain on Moscow’s Finances, as Military Spending Remains High.
Value-Added Tax has been Increased by 2%, while the Annual Revenue Threshold, Requiring Businesses to Pay VAT, has been Cut from 60 million Rubles to 20 Million Rubles in 2026, with Plans to Lower it further to 10 million Rubles by 2028.
Businesses using Russia’s Patent Taxation System, which previously Allowed Firms to Pay a Fixed Annual Fee. Instead of a Percentage of Turnover, are also Facing Tighter Rules.
Those Earning above 20 million Rubles must now Pay at least 6% on Revenues and a Minimum 5% VAT.
Despite Concerns, President Vladimir Putin has said that “companies should not, in any way, suffer with the transition to the new tax system”.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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