Fossil-fuel subsidies in Russia

Russia: Fossil-fuel subsidies was 126.31 billion billions of current united states dollars in 2023. ◆ Volatile

Latest (2023)
126.31 billion billions of current united states dollars
Change on year
down 48.4%
World rank
1st
of 149 countries
All-time high
244.86 billion billions of current united states dollars
in 2022
All-time low
21.52 billion billions of current united states dollars
in 2020
Years of data
14
2010–2023

Fossil-fuel subsidies in Russia, 2010–2023

050.0B100.0B150.0B200.0B250.0B2010201620232010: 36.3B billions of current united states dollars2011: 44.3B billions of current united states dollars2012: 46.4B billions of current united states dollars2013: 47.0B billions of current united states dollars2014: 43.2B billions of current united states dollars2015: 43.4B billions of current united states dollars2016: 36.8B billions of current united states dollars2017: 32.8B billions of current united states dollars2018: 60.1B billions of current united states dollars2019: 32.3B billions of current united states dollars2020: 21.5B billions of current united states dollars2021: 98.3B billions of current united states dollars2022: 244.9B billions of current united states dollars2023: 126.3B billions of current united states dollars

Source: United Nations Environment Programme – processed by Our World in Data. Measured in billions of current united states dollars.

Analysis

Russia recorded 126.31 billion billions of current united states dollars for fossil-fuel subsidies in 2023.

Compared with earlier readings it is down 48.4% on the previous year and up 168.7% over ten years.

Over the whole period, fossil-fuel subsidies in Russia peaked at 244.86 billion billions of current united states dollars in 2022 and was at its lowest, 21.52 billion billions of current united states dollars, in 2020.

Russia ranks 1st of 149 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2010s 42.26 billion billions of current united states dollars 32.28 billion billions of current united states dollars 60.11 billion billions of current united states dollars 10
2020s 122.74 billion billions of current united states dollars 21.52 billion billions of current united states dollars 244.86 billion billions of current united states dollars 4

Countries ranked near Russia

  1. 2 Iran 81.82 billion billions of current united states dollars compare
  2. 3 China 76.61 billion billions of current united states dollars compare
  3. 4 Japan 70.31 billion billions of current united states dollars compare

See the full ranking of 149 places →

More energy & mining data for Russia

All data for Russia →

Frequently asked questions

What is fossil-fuel subsidies in Russia?
Fossil-fuel subsidies in Russia was 126.31 billion billions of current united states dollars in 2023, according to United Nations Environment Programme – processed by Our World in Data.
What is the highest fossil-fuel subsidies recorded in Russia?
The highest recorded value was 244.86 billion billions of current united states dollars in 2022.
What is the lowest fossil-fuel subsidies recorded in Russia?
The lowest recorded value was 21.52 billion billions of current united states dollars in 2020.
How does Russia rank for fossil-fuel subsidies?
Russia ranks 1st out of 149 countries with data for 2023.
Is fossil-fuel subsidies rising or falling in Russia?
Over the last ten years it is up 168.7%. The long-run trend across the full record is volatile.
Where does this Russia data come from?
The figures come from United Nations Environment Programme – processed by Our World in Data, published as part of Fossil-fuel subsidies. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Fossil-fuel subsidies
Unit
billions of current united states dollars
Source
United Nations Environment Programme – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
149 places, 1,727 data points, 2010–2024
Last refreshed

Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars)