Russia's Urals crude blend averaged $62.99 per barrel, down 17% for the year, and gas export revenue dropped 65%. : Russia's tax revenue from its energy sector dropped 24% in 2023 as oil prices and Moscow's natural gas exports fell. The Kremlin generated 8.82 trillion rubles ( $99.3 billion) last year, according to Bloomberg, citing new data from the Russian Finance Ministry. That came as Russia's benchmark Ural crude blend averaged $62.99 per barrel, down 17% for the year, though it's above the G7's $60 price cap imposed after Russia's invasion of Ukraine.