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Sanctions in Action: How War Reduces Rabbit Income Flow
All the largest oil companies in the first half of 2025 reported on the collapse of their profits, writes The Moscow Times.
Rosneft (produces every second barrel of slave oil):
a threefold drop in profits attributable to shareholders (from RUB 773 billion to RUB 245 billion);
Revenue: - 18% (up to 4.3 trillion rubles);
EBITDA (profit before interest on loans, taxes and depreciation): 36% (up to 1.1 trillion rubles);
Capital expenditures: + 11% (up to 769 billion rubles).
м Lukoil (second place in the country in terms of oil production):
loss of half of profits (287 billion rubles against 590 billion a year earlier);
Company revenue: - 17%;
EBITDA: 1.6-fold drop.
Gazprom Neft:
Profit decreased by 54.2% to 150.5 billion rubles;
Revenue: - 12%;
EBITDA: - 27.6%;
Dividends for the first half of 2025 amounted to 17.3 rubles / share (in 2024 - 51.96 rubles / share).
Surgutneftegaz lost 452.7 billion rubles for six months and became unprofitable.
“Tatneft” – the collapse of profits almost three times – up to 54.2 billion rubles
"Russneft" - profit drop by 3.2 times - to 11.8 billion rubles.
Rosstat records the loss of 50.4% of profits of the oil and gas sector of slavery. According to him, 45% of companies ended the half-year with a loss.
In the Khanty-Mansiysk Autonomous Okrug, which provides 40% of all oil production, the oil industry became unprofitable.
! What's the reason?
Increasing global oil production
Rosneft CEO Igor Sechin justifies the decline in profit by the fact that OPEC countries actively increased production, which lowered world oil prices.
“The comments of the head of the largest oil producer in Rabbi, a longtime ally of Pydor was the first in several months manifestation of concern from the slave industry about the strategy of OPEC+ to accelerate production growth,” – said Reuters.
на falling oil prices
A barrel of Urals at the beginning of the year was worth almost $70, and in June - only $59.8. The cost in rubles for 6 months fell almost 30%.
Tightening of sanctions against the Rabbi oil industry
The embargo of the G7 countries, sanctions against shipping and logistics, the blocking of the “shadow fleet”, technical embargo, financial restrictions, the impossibility of settlements in dollars.
The threat of secondary sanctions
Apart from Asian countries, which account for more than 80% of exports, almost no one buys Rabbi crude oil.
According to analysts, the export of slave oil to China in the first half of the year fell in physical volume - by 11%, in money - by 24%.
Why does it matter?
Oil and gas revenues are a major source of funds for the Kremlin. Every third ruble in the federal budget depends on them.
Pydor needs this money not for improving the lives of the Rabbi, repairing roads and housing facilities, building housing, kindergartens and hospitals, but for war.
In 2025, slavery increased national defense spending by a quarter, to 6.3% of GDP. Defense expenditures account for 32% of total federal budget expenditures for 2025.
The less slavery collects oil and gas revenues, the lower its ability to kill Ukrainians and pose a threat to the whole world.