Rosneft’s net profit fell by 73% in 2025

Boris Bodnar
Boris Bodnar Journalist
Rosneft’s net profit fell by 73% in 2025
Rosneft
The Russian oil and gas company Rosneft, which is controlled by the Russian government, saw its net profit fall by 73% in 2025.

This was stated by the company’s CEO, Igor Sechin, as reported by Reuters.

According to him, profits currently stand at 293 billion roubles. Sechin cited high interest rates, high corporation tax, and ‘one-off factors’ as the reasons for the decline.

He also stated that this year’s high oil prices, caused by the conflict in the Middle East, are being offset by rising transport costs, insurance and other expenses.

Indeed, in March, the cost of freight for transporting Russian oil to India from Baltic Sea ports exceeded $20 per barrel, which is 10 times more than the cost of transporting oil from Russia to Europe in early 2022.

Sanctions against Rosneft: what is known

In October 2025, the US imposed additional sanctions against the Russian oil company Rosneft and a number of its subsidiaries.

According to US Treasury Secretary Scott Bessent, these are “among the most significant sanctions” the United States has ever imposed against the Russian Federation.

However, following the outbreak of war in Iran, the US issued a licence permitting the sale of Russian crude oil and petroleum products. This temporary authorisation will apply to oil currently ‘stuck at sea’ from 12 March to 11 April.

A number of European leaders criticised the easing of sanctions against Russia, whilst the Office of the President of Ukraine stated that Moscow could earn up to approximately $10 billion as a result of this US decision. However, Washington claimed that, following the partial lifting of sanctions, Russia is actually earning less.

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