The end of Russian oil luck, the development of the fuel crisis and how to make money on healthy longevity

The Iranian war gave the Russian budget something it had not seen for years: oil at almost $120 per barrel, weakened sanctions restrictions and a temporary redistribution of Asian demand in its favor. For almost four months, the Kremlin could count on windfall profits. It was not possible to take full advantage of them, and now the pause is ending - what does this mean for Russian public finances?

There were few windfalls

Statistics for April-May, the first two months when the budget received income from rising oil prices, indicate that Russia did not earn any extraordinary profits from the war in Iran, which amaze the imagination. In April, oil and gas budget revenues were generally lower than in April 2025; in May they exceeded last year’s by 32.4% - a lot, but far from enough to cover the failure of the beginning of the year: in just January-May, Russian oil and gas revenues decreased by 29.2%.

Three forces put pressure on the budget at the same time, preventing the cream from skimming off expensive oil: