Oil Wind: How Rising Prices Added 200 Billion Rubles to Russia's Budget

He emphasized that the additional revenues compensate for shortfalls in previous months, maintaining the overall balance.

The increase in quotes is linked to escalating tensions in the Middle East, including a US and Israeli operation against Iran in late February. According to the International Energy Agency, Russia's export revenues from the sale of oil and petroleum products in March reached $19.04 billion — $9.7 billion more than the previous month.

Nevertheless, the Kremlin urges not to exaggerate the conflict's impact on the economy. Earlier, the Ministry of Finance reported that oil and gas revenues for the first quarter of 2026 decreased by 45.4% compared to the same period in 2025, totaling 1.4 trillion rubles. The situation remains under the close scrutiny of analysts.