Russia's oil revenues decline for the second consecutive month - Media.

According to the Russian Ministry of Finance, 605.2 billion rubles came to the budget last month from oil taxes, which finance Russia's war against Ukraine. This amount is 21% lower than in the same period last year.

Falling oil prices and supply disruptions have led to a decrease in revenues. Even tensions in the Middle East and OPEC's decision to continue production restrictions could not save the situation.

In November, total oil and gas revenues in Russia decreased by 17% and amounted to 801.7 billion rubles.

'The decline in oil sales revenue may complicate the Kremlin's financing of the war in Ukraine, as this is the largest item of the country's budget expenditures this year,' the material states.

The Central Bank of Russia believes that oil prices are still acceptable, but any further decline may become a problem for the economy and financial markets.

OPEC+ will consider plans regarding oil production policy in the coming months. According to the publication, the proposal to postpone the return of volumes for three months met with no opposition.