“Rosneft” Rapidly Losing Revenue: Experts Warn of a Looming Blow to Russia’s Entire Economy
“Rosneft” has recorded a significant decline in its financial performance since the beginning of 2025, a trend that, according to Ukrainian intelligence, may trigger long-term negative consequences for the Russian economy. ThePublic.info reports this, citing data from Ukraine’s Foreign Intelligence Service.
In the first months of the year, the company’s net profit dropped by 70%, falling to $3.51 billion, compared to $11.72 billion over the same period last year. Rosneft’s revenue also decreased by nearly 18%.
The downturn extends to production volumes as well: gas output fell by 13.1%, while oil refining declined by 7.8%. According to the SZRU, the deterioration was caused by rising costs linked to logistics, counter-terrorism measures, infrastructure maintenance, as well as the shutdown of roughly 20% of Russia’s oil refinery capacities between August and October. Significant resources were redirected toward emergency repairs and optimization of refinery operations.
The situation is further complicated by Russia’s high key interest rate, which increases the cost of servicing corporate debt, as well as the 20–25% strengthening of the ruble, which reduces foreign-currency export revenues. More than 70% of Rosneft’s income comes from exports.
Intelligence analysts stress that these numbers indicate not temporary volatility, but a structural decline in Russia’s oil and gas sector. They believe that, in the medium term, the company’s worsening performance is likely to affect related industries — including logistics, oilfield services, and machinery manufacturing.
Earlier reports indicated that Russia’s economy is facing a decline in GDP and shrinking oil and gas revenues, with military factories already preparing for layoffs. In addition, prices for Russian crude recently fell to their lowest level in more than two years, even before the United States imposed sanctions on Russian oil giants Lukoil and Rosneft. Bloomberg noted that such price drops will further strain the Kremlin’s budget, which continues to finance the war against Ukraine.
